Parallel Advisors LLC Decreases Stock Holdings in iShares MBS ETF $MBB

Parallel Advisors LLC reduced its position in iShares MBS ETF (NASDAQ:MBB) by 47.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,880 shares of the company’s stock after selling 24,605 shares during the period. Parallel Advisors LLC’s holdings in iShares MBS ETF were worth $2,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MBB. ESL Trust Services LLC purchased a new stake in iShares MBS ETF during the fourth quarter valued at approximately $28,000. Brown Lisle Cummings Inc. purchased a new position in iShares MBS ETF in the first quarter worth $28,000. First Community Trust NA acquired a new position in shares of iShares MBS ETF during the first quarter worth $32,000. Nemes Rush Group LLC increased its position in shares of iShares MBS ETF by 132.9% during the fourth quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock worth $34,000 after purchasing an additional 206 shares in the last quarter. Finally, Wealth Watch Advisors INC purchased a new stake in shares of iShares MBS ETF during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.4%

Shares of MBB opened at $93.01 on Friday. iShares MBS ETF has a 12 month low of $92.68 and a 12 month high of $96.96. The stock has a fifty day moving average price of $93.92 and a 200-day moving average price of $94.73.

iShares MBS ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a $0.3413 dividend. This is a boost from iShares MBS ETF’s previous dividend of $0.34. The ex-dividend date was Monday, August 3rd.

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).