iShares MBS ETF (NASDAQ:MBB) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 17.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,331,733 shares of the company’s stock after selling 288,045 shares during the quarter. iShares MBS ETF makes up approximately 1.5% of Park Avenue Securities LLC’s holdings, making the stock its 10th largest position. Park Avenue Securities LLC owned approximately 0.34% of iShares MBS ETF worth $124,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tompkins Financial Corp boosted its position in iShares MBS ETF by 51.7% during the 1st quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock valued at $30,000 after purchasing an additional 109 shares during the period. Curat Global LLC acquired a new position in iShares MBS ETF during the 1st quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new position in iShares MBS ETF during the 4th quarter worth $36,000. Key Financial Inc boosted its position in iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 422 shares during the period. Finally, Activest Wealth Management acquired a new position in iShares MBS ETF during the 4th quarter worth $58,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.5%

Shares of MBB stock opened at $91.75 on Friday. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.76. The stock has a fifty day moving average of $92.53 and a two-hundred day moving average of $92.52.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a dividend of $0.3251 per share. The ex-dividend date was Monday, June 2nd. This represents a $3.90 dividend on an annualized basis and a yield of 4.25%.

iShares MBS ETF 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).