iShares MBS ETF (NASDAQ:MBB) Position Trimmed by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI decreased its holdings in iShares MBS ETF (NASDAQ:MBB) by 17.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,740 shares of the company’s stock after selling 569 shares during the period. Parsons Capital Management Inc. RI’s holdings in iShares MBS ETF were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of iShares MBS ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock worth $6,966,421,000 after purchasing an additional 1,826,521 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares MBS ETF by 49.2% in the 4th quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock valued at $4,741,789,000 after buying an additional 17,056,138 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares MBS ETF by 4.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,770,337 shares of the company’s stock worth $2,637,664,000 after buying an additional 1,336,608 shares during the last quarter. LPL Financial LLC increased its holdings in iShares MBS ETF by 13.9% in the fourth quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock worth $2,003,943,000 after buying an additional 2,668,319 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in iShares MBS ETF by 7.9% during the fourth quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock valued at $1,806,274,000 after acquiring an additional 1,436,342 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Up 0.4%

NASDAQ MBB opened at $92.61 on Thursday. The company has a 50 day moving average price of $92.42 and a two-hundred day moving average price of $92.52. iShares MBS ETF has a 12-month low of $90.28 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.3251 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.90 dividend on an annualized basis and a dividend yield of 4.21%.

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).