Parkside Investments LLC decreased its holdings in iShares MBS ETF (NASDAQ:MBB – Free Report) by 17.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 286,128 shares of the company’s stock after selling 58,925 shares during the period. iShares MBS ETF comprises 3.0% of Parkside Investments LLC’s portfolio, making the stock its 6th largest holding. Parkside Investments LLC owned about 0.07% of iShares MBS ETF worth $25,643,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Montgomery Financial Services LLC acquired a new stake in shares of iShares MBS ETF during the second quarter worth approximately $27,000. Brown Lisle Cummings Inc. purchased a new position in iShares MBS ETF during the first quarter valued at approximately $28,000. Field & Main Bank purchased a new position in iShares MBS ETF during the second quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC acquired a new position in iShares MBS ETF in the 2nd quarter valued at approximately $34,000. Finally, SHP Wealth Management acquired a new position in iShares MBS ETF in the 4th quarter valued at approximately $37,000. 91.70% of the stock is owned by hedge funds and other institutional investors.
iShares MBS ETF Trading Up 0.3%
MBB stock opened at $90.49 on Wednesday. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96. The company has a 50 day moving average of $91.48 and a two-hundred day moving average of $93.25.
iShares MBS ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.3662 per share. The ex-dividend date was Thursday, October 1st. This represents a $4.39 annualized dividend and a dividend yield of 4.9%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388.
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).
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