Parallel Advisors LLC grew its holdings in iShares MBS ETF (NASDAQ:MBB) by 186.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,534 shares of the company’s stock after buying an additional 999 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MBS ETF were worth $159,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in MBB. Proficio Capital Partners LLC acquired a new stake in iShares MBS ETF in the second quarter worth about $130,000. Private Capital Group LLC increased its position in iShares MBS ETF by 1,237.2% in the third quarter. Private Capital Group LLC now owns 1,618 shares of the company’s stock worth $167,000 after purchasing an additional 1,497 shares during the period. Good Life Advisors LLC acquired a new stake in iShares MBS ETF in the third quarter worth about $222,000. Integrated Wealth Concepts LLC acquired a new stake in iShares MBS ETF in the second quarter worth about $256,000. Finally, FC Advisory LLC acquired a new stake in iShares MBS ETF in the third quarter worth about $260,000.
Shares of MBB stock opened at $101.82 on Tuesday. iShares MBS ETF has a 12 month low of $101.76 and a 12 month high of $107.01.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 7th. Investors of record on Friday, November 2nd will be given a $0.2543 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 3.00%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend is Thursday, November 1st.
COPYRIGHT VIOLATION WARNING: “Parallel Advisors LLC Increases Stake in iShares MBS ETF (MBB)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/11/06/parallel-advisors-llc-increases-stake-in-ishares-mbs-etf-mbb.html.
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).
See Also: How to Invest in Marijuana Stocks
Want to see what other hedge funds are holding MBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MBS ETF (NASDAQ:MBB).
Receive News & Ratings for iShares MBS ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MBS ETF and related companies with MarketBeat.com's FREE daily email newsletter.