DORVAL Corp Purchases New Shares in iShares MBS ETF $MBB

DORVAL Corp purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,610 shares of the company’s stock, valued at approximately $625,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. purchased a new position in iShares MBS ETF in the 1st quarter valued at about $138,835,000. Bank of Montreal Can increased its position in shares of iShares MBS ETF by 102.6% during the fourth quarter. Bank of Montreal Can now owns 2,883,524 shares of the company’s stock worth $274,569,000 after acquiring an additional 1,460,545 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares MBS ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after acquiring an additional 1,104,895 shares in the last quarter. Renaissancere Holdings Ltd. lifted its stake in shares of iShares MBS ETF by 34.9% in the third quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock worth $366,559,000 after acquiring an additional 997,000 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of iShares MBS ETF by 1,599.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 851,186 shares of the company’s stock worth $81,050,000 after acquiring an additional 801,103 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $92.66 on Friday. iShares MBS ETF has a fifty-two week low of $92.28 and a fifty-two week high of $96.96. The business has a 50 day moving average price of $93.45 and a two-hundred day moving average price of $94.39.

iShares MBS ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.3388 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 1st.

iShares MBS ETF Company Profile

iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).