Parallel Advisors LLC Reduces Position in iShares MBS ETF $MBB

Parallel Advisors LLC decreased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 47.8% during the first quarter, HoldingsChannel reports. The firm owned 26,880 shares of the company’s stock after selling 24,605 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MBS ETF were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of iShares MBS ETF by 6.7% in the 1st quarter. NewEdge Advisors LLC now owns 817,242 shares of the company’s stock valued at $77,597,000 after acquiring an additional 51,204 shares during the period. Keel Point LLC lifted its position in iShares MBS ETF by 16.5% during the 1st quarter. Keel Point LLC now owns 5,692 shares of the company’s stock worth $540,000 after acquiring an additional 807 shares during the period. Maripau Wealth Management LLC grew its stake in iShares MBS ETF by 5.0% during the 1st quarter. Maripau Wealth Management LLC now owns 11,637 shares of the company’s stock valued at $1,105,000 after purchasing an additional 554 shares during the last quarter. Security Financial Services INC. grew its stake in iShares MBS ETF by 1.0% during the 1st quarter. Security Financial Services INC. now owns 127,443 shares of the company’s stock valued at $12,101,000 after purchasing an additional 1,229 shares during the last quarter. Finally, Wellington Grp LLC grew its stake in iShares MBS ETF by 240.3% during the 1st quarter. Wellington Grp LLC now owns 473 shares of the company’s stock valued at $45,000 after purchasing an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB stock opened at $93.01 on Friday. iShares MBS ETF has a fifty-two week low of $92.68 and a fifty-two week high of $96.96. The stock’s 50-day simple moving average is $93.92 and its 200-day simple moving average is $94.73.

iShares MBS ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were given a $0.3413 dividend. This is an increase from iShares MBS ETF’s previous dividend of $0.34. The ex-dividend date was Monday, August 3rd.

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).