Parallel Advisors LLC Has $4.90 Million Holdings in iShares MBS ETF $MBB

Parallel Advisors LLC raised its position in shares of iShares MBS ETF (NASDAQ:MBB) by 25.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,485 shares of the company’s stock after purchasing an additional 10,467 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MBS ETF were worth $4,902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Howe & Rusling Inc. increased its position in iShares MBS ETF by 184.0% during the 3rd quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after purchasing an additional 184 shares during the period. ESL Trust Services LLC acquired a new stake in iShares MBS ETF during the 4th quarter valued at approximately $28,000. Wealth Watch Advisors INC acquired a new stake in iShares MBS ETF during the 3rd quarter valued at approximately $35,000. Aventura Private Wealth LLC acquired a new stake in iShares MBS ETF during the 4th quarter valued at approximately $35,000. Finally, Key Financial Inc increased its position in iShares MBS ETF by 96.9% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

NASDAQ:MBB opened at $93.74 on Friday. The company has a 50 day simple moving average of $94.60 and a two-hundred day simple moving average of $95.19. iShares MBS ETF has a fifty-two week low of $91.56 and a fifty-two week high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.3334 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, June 1st.

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).