Parsons Capital Management Inc. RI Sells 5,472 Shares of iShares MBS ETF (NASDAQ:MBB)

Parsons Capital Management Inc. RI trimmed its position in iShares MBS ETF (NASDAQ:MBB) by 62.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,309 shares of the company’s stock after selling 5,472 shares during the period. Parsons Capital Management Inc. RI’s holdings in iShares MBS ETF were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hobbs Group Advisors LLC raised its stake in shares of iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new position in iShares MBS ETF in the third quarter worth about $30,000. Godsey & Gibb Inc. bought a new position in iShares MBS ETF during the third quarter worth about $33,000. MeadowBrook Investment Advisors LLC boosted its holdings in iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of iShares MBS ETF by 254.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock valued at $44,000 after purchasing an additional 333 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

Shares of MBB opened at $92.17 on Wednesday. The stock has a 50 day simple moving average of $92.16 and a 200-day simple moving average of $93.59. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

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).