iShares MBS ETF $MBB Position Cut by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in iShares MBS ETF (NASDAQ:MBB) by 49.4% in the third quarter, Holdings Channel.com reports. The firm owned 11,565 shares of the company’s stock after selling 11,293 shares during the period. Parallel Advisors LLC’s holdings in iShares MBS ETF were worth $1,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Field & Main Bank acquired a new position in iShares MBS ETF during the 2nd quarter valued at about $30,000. Montgomery Financial Services LLC bought a new position in shares of iShares MBS ETF in the 2nd quarter valued at about $27,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of iShares MBS ETF during the 2nd quarter worth approximately $34,000. Investors Research Corp grew its position in shares of iShares MBS ETF by 1,587.0% during the 2nd quarter. Investors Research Corp now owns 388 shares of the company’s stock worth $37,000 after buying an additional 365 shares during the period. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of iShares MBS ETF during the 2nd quarter worth approximately $38,000. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

MBB opened at $91.23 on Wednesday. The firm has a 50 day simple moving average of $90.98 and a 200 day simple moving average of $93.66. iShares MBS ETF has a fifty-two week low of $88.58 and a fifty-two week high of $96.96.

iShares MBS ETF Cuts Dividend

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

iShares MBS ETF 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).