Parallel Advisors LLC Purchases 2,000 Shares of iShares MBS ETF (NASDAQ:MBB)

Parallel Advisors LLC grew its position in shares of iShares MBS ETF (NASDAQ:MBB) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,117 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Parallel Advisors LLC’s holdings in iShares MBS ETF were worth $2,119,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of iShares MBS ETF in the 3rd quarter worth approximately $289,000. Vertex Planning Partners LLC raised its position in iShares MBS ETF by 8.5% in the 3rd quarter. Vertex Planning Partners LLC now owns 10,495 shares of the company’s stock worth $1,006,000 after purchasing an additional 821 shares during the period. Summit Wealth Group LLC lifted its stake in iShares MBS ETF by 6.3% in the third quarter. Summit Wealth Group LLC now owns 8,188 shares of the company’s stock worth $784,000 after purchasing an additional 483 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in iShares MBS ETF by 22.3% during the third quarter. Banque Cantonale Vaudoise now owns 199,850 shares of the company’s stock valued at $19,147,000 after buying an additional 36,400 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of iShares MBS ETF by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 2,809,438 shares of the company’s stock valued at $269,172,000 after buying an additional 23,415 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

NASDAQ MBB opened at $93.29 on Wednesday. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The stock has a 50-day moving average of $92.37 and a 200-day moving average of $93.22.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given 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).