Park Avenue Securities LLC Cuts Holdings in iShares MBS ETF $MBB

Park Avenue Securities LLC reduced its position in iShares MBS ETF (NASDAQ:MBB) by 2.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,323,631 shares of the company’s stock after selling 29,691 shares during the period. iShares MBS ETF accounts for about 1.1% of Park Avenue Securities LLC’s holdings, making the stock its 17th largest holding. Park Avenue Securities LLC’s holdings in iShares MBS ETF were worth $126,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FWG Investments LLC. increased its stake in iShares MBS ETF by 4.0% during the third quarter. FWG Investments LLC. now owns 2,858 shares of the company’s stock worth $272,000 after acquiring an additional 109 shares during the last quarter. Alesco Advisors LLC lifted its stake in shares of iShares MBS ETF by 0.8% in the 3rd quarter. Alesco Advisors LLC now owns 13,395 shares of the company’s stock valued at $1,275,000 after purchasing an additional 110 shares in the last quarter. Lynx Investment Advisory lifted its stake in shares of iShares MBS ETF by 4.5% in the 3rd quarter. Lynx Investment Advisory now owns 2,575 shares of the company’s stock valued at $245,000 after purchasing an additional 110 shares in the last quarter. OMNI 360 Wealth Inc. grew its holdings in shares of iShares MBS ETF by 2.3% during the 3rd quarter. OMNI 360 Wealth Inc. now owns 4,925 shares of the company’s stock worth $469,000 after purchasing an additional 113 shares during the period. Finally, Coordinated Financial Services Inc. grew its holdings in shares of iShares MBS ETF by 0.6% during the 3rd quarter. Coordinated Financial Services Inc. now owns 19,481 shares of the company’s stock worth $1,854,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB opened at $95.10 on Friday. iShares MBS ETF has a 1 year low of $90.84 and a 1 year high of $96.96. The firm has a 50 day moving average price of $95.76 and a 200 day moving average price of $95.46.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.3278 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

About iShares MBS ETF

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).