Parallel Advisors LLC Boosts Stock Position in iShares MBS ETF (NASDAQ:MBB)

Parallel Advisors LLC boosted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 9.5% during the fourth quarter, Holdings Channel reports. The firm owned 23,117 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MBS ETF were worth $2,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cibc World Markets Corp increased its position in iShares MBS ETF by 5.4% during the 4th quarter. Cibc World Markets Corp now owns 3,918 shares of the company’s stock valued at $359,000 after purchasing an additional 199 shares during the period. SouthState Corp bought a new stake in shares of iShares MBS ETF during the 4th quarter valued at about $75,000. GWN Securities Inc. purchased a new position in shares of iShares MBS ETF during the fourth quarter valued at about $1,242,000. Patten & Patten Inc. TN bought a new position in iShares MBS ETF in the fourth quarter worth about $1,145,000. Finally, Harbour Investments Inc. lifted its holdings in iShares MBS ETF by 3.9% in the fourth quarter. Harbour Investments Inc. now owns 85,628 shares of the company’s stock worth $7,850,000 after buying an additional 3,211 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.1 %

iShares MBS ETF stock opened at $93.29 on Wednesday. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76. The stock’s 50 day simple moving average is $92.37 and its two-hundred day simple moving average is $93.22.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.3204 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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).