iShares MBS ETF $MBB Stock: Parkside Investments LLC Lowers Position

Parkside Investments LLC reduced its position in iShares MBS ETF (NASDAQ:MBB – Free Report) by 17.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 286,128 shares of the company’s stock after selling 58,925 shares during the quarter. iShares MBS ETF makes up about 3.0% of Parkside Investments LLC’s investment portfolio, making the stock its 6th largest holding. Parkside Investments LLC’s holdings in iShares MBS ETF were worth $25,643,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Carnegie Investment Counsel acquired a new stake in shares of iShares MBS ETF during the 3rd quarter valued at about $22,639,000. Lakeshore Capital Group Inc. grew its stake in shares of iShares MBS ETF by 6.4% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 17,389 shares of the company’s stock valued at $1,558,000 after buying an additional 1,045 shares in the last quarter. Provident Wealth Management LLC bought a new stake in shares of iShares MBS ETF in the 3rd quarter valued at approximately $47,000. Stewardship Advisors LLC increased its holdings in iShares MBS ETF by 12.6% in the third quarter. Stewardship Advisors LLC now owns 4,504 shares of the company’s stock worth $404,000 after buying an additional 503 shares during the last quarter. Finally, CFS Investment Advisory Services LLC acquired a new position in iShares MBS ETF in the third quarter worth approximately $2,149,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

NASDAQ:MBB opened at $90.49 on Wednesday. The stock’s 50 day moving average price is $91.48 and its 200 day moving average price is $93.25. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.3662 dividend. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Thursday, October 1st.

About iShares MBS ETF

(Free Report)

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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