Ocean Park Asset Management LLC Reduces Position in iShares MBS ETF $MBB

Ocean Park Asset Management LLC trimmed its stake in iShares MBS ETF (NASDAQ:MBB) by 18.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 361,587 shares of the company’s stock after selling 80,620 shares during the quarter. iShares MBS ETF makes up 1.6% of Ocean Park Asset Management LLC’s portfolio, making the stock its 14th biggest holding. Ocean Park Asset Management LLC’s holdings in iShares MBS ETF were worth $34,177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MBB. ESL Trust Services LLC purchased a new stake in iShares MBS ETF during the 4th quarter worth about $28,000. Brown Lisle Cummings Inc. acquired a new position in iShares MBS ETF in the 1st quarter valued at about $28,000. First Community Trust NA purchased a new position in iShares MBS ETF in the 1st quarter valued at about $32,000. Nemes Rush Group LLC lifted its holdings in iShares MBS ETF by 132.9% in the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after purchasing an additional 206 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of iShares MBS ETF during the 2nd quarter worth about $34,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Up 0.1%

Shares of NASDAQ MBB opened at $93.03 on Wednesday. iShares MBS ETF has a 12 month low of $92.68 and a 12 month high of $96.96. The company has a 50-day simple moving average of $93.83 and a 200-day simple moving average of $94.68.

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 dividend of $0.3413 per share. This is an increase 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).