Parallel Advisors LLC Sells 11,293 Shares of iShares MBS ETF $MBB

Parallel Advisors LLC trimmed its holdings in iShares MBS ETF (NASDAQ:MBB) by 49.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,565 shares of the company’s stock after selling 11,293 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MBS ETF were worth $1,036,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MBB. Asset Dedication LLC acquired a new stake in iShares MBS ETF in the 3rd quarter valued at about $61,000. Droms Strauss Advisors Inc. MO ADV bought a new position in shares of iShares MBS ETF in the third quarter worth about $1,107,000. LightSquare Wealth Management LLC lifted its position in shares of iShares MBS ETF by 29.5% during the third quarter. LightSquare Wealth Management LLC now owns 10,811 shares of the company’s stock worth $969,000 after purchasing an additional 2,460 shares in the last quarter. Asset One Wealth Management LLC acquired a new position in shares of iShares MBS ETF during the third quarter worth approximately $1,173,000. Finally, Heritage Family Offices LLP lifted its position in shares of iShares MBS ETF by 4.1% during the third quarter. Heritage Family Offices LLP now owns 7,803 shares of the company’s stock worth $699,000 after purchasing an additional 309 shares in the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

MBB opened at $91.23 on Wednesday. iShares MBS ETF has a one year low of $88.58 and a one year high of $96.96. The company’s 50 day simple moving average is $90.98 and its 200-day simple moving average is $93.66.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a dividend of $0.3471 per share. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $4.17 annualized dividend and a yield of 4.6%. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).