iShares MBS ETF (NASDAQ:MBB) Position Cut by Parkside Advisors LLC

Parkside Advisors LLC lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 1.9% in the fourth quarter, HoldingsChannel reports. The fund owned 67,930 shares of the company’s stock after selling 1,320 shares during the period. iShares MBS ETF makes up about 1.5% of Parkside Advisors LLC’s portfolio, making the stock its 17th largest holding. Parkside Advisors LLC’s holdings in iShares MBS ETF were worth $6,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hobbs Group Advisors LLC boosted its stake in shares of iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new position in shares of iShares MBS ETF in the third quarter worth about $30,000. Godsey & Gibb Inc. purchased a new position in shares of iShares MBS ETF in the third quarter worth approximately $33,000. MeadowBrook Investment Advisors LLC raised its holdings in shares of 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 acquiring an additional 306 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position 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 acquiring an additional 333 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB traded down $0.17 during trading hours on Monday, reaching $90.35. The company’s stock had a trading volume of 756,632 shares, compared to its average volume of 2,057,118. The company has a 50 day moving average of $92.40 and a two-hundred day moving average of $93.62. 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 firm also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.2944 dividend. The ex-dividend date was Wednesday, December 18th.

iShares MBS ETF Company 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).