iShares MBS ETF (NASDAQ:MBB) Stake Trimmed by Park Avenue Institutional Advisers LLC

Park Avenue Institutional Advisers LLC trimmed its position in iShares MBS ETF (NASDAQ:MBB) by 21.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,915 shares of the company’s stock after selling 56,085 shares during the quarter. iShares MBS ETF accounts for 37.3% of Park Avenue Institutional Advisers LLC’s portfolio, making the stock its largest position. Park Avenue Institutional Advisers LLC owned about 0.06% of iShares MBS ETF worth $20,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBB. Crewe Advisors LLC raised its holdings in shares of iShares MBS ETF by 62.8% in the 1st quarter. Crewe Advisors LLC now owns 1,426 shares of the company’s stock valued at $132,000 after acquiring an additional 550 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in iShares MBS ETF in the 3rd quarter valued at about $519,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares MBS ETF in the 2nd quarter worth $61,000. Ascent Group LLC boosted its stake in shares of iShares MBS ETF by 27.5% in the second quarter. Ascent Group LLC now owns 76,549 shares of the company’s stock valued at $7,028,000 after purchasing an additional 16,488 shares during the period. Finally, Zions Bancorporation N.A. bought a new stake in shares of iShares MBS ETF in the 2nd quarter worth about $189,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.0 %

Shares of NASDAQ:MBB traded up $0.01 during trading on Friday, hitting $93.09. 5,058,772 shares of the company’s stock traded hands, compared to its average volume of 2,339,557. The company has a 50-day moving average price of $94.72 and a 200-day moving average price of $93.26. iShares MBS ETF has a 52 week low of $87.87 and a 52 week high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.3099 dividend. The ex-dividend date of this dividend was Friday, November 1st.

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).