Parallel Advisors LLC Acquires 10,467 Shares of iShares MBS ETF $MBB

Parallel Advisors LLC boosted its holdings in iShares MBS ETF (NASDAQ:MBB) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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.

A number of other hedge funds have also added to or reduced their stakes in MBB. Bank of America Corp DE increased its holdings in iShares MBS ETF by 11.8% in the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after purchasing an additional 7,566,099 shares in the last quarter. Barclays PLC increased its holdings in iShares MBS ETF by 77.1% in the third quarter. Barclays PLC now owns 7,632,784 shares of the company’s stock worth $726,259,000 after purchasing an additional 3,322,737 shares in the last quarter. TIAA Trust National Association increased its holdings in iShares MBS ETF by 5.8% in the third quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock worth $2,413,954,000 after purchasing an additional 1,399,487 shares in the last quarter. Fisher Asset Management LLC grew its stake in iShares MBS ETF by 5.7% in the third quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock valued at $2,141,246,000 after acquiring an additional 1,206,273 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in iShares MBS ETF by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after acquiring an additional 1,182,620 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $93.74 on Friday. iShares MBS ETF has a 52 week low of $91.56 and a 52 week high of $96.96. The stock has a 50 day moving average price of $94.60 and a two-hundred day moving average price of $95.19.

iShares MBS ETF Cuts Dividend

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

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).