Parnassus Investments LLC Trims Stake in iShares MBS ETF (NASDAQ:MBB)

Parnassus Investments LLC trimmed its stake in iShares MBS ETF (NASDAQ:MBB) by 33.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,000 shares of the company’s stock after selling 77,752 shares during the period. Parnassus Investments LLC’s holdings in iShares MBS ETF were worth $14,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ignite Planners LLC boosted its holdings in iShares MBS ETF by 4.9% in the 4th quarter. Ignite Planners LLC now owns 2,473 shares of the company’s stock worth $226,000 after buying an additional 115 shares during the period. Delos Wealth Advisors LLC boosted its holdings in iShares MBS ETF by 4.3% in the 3rd quarter. Delos Wealth Advisors LLC now owns 2,938 shares of the company’s stock worth $281,000 after buying an additional 121 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in iShares MBS ETF by 18.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 794 shares of the company’s stock worth $73,000 after buying an additional 125 shares during the period. Hobbs Group Advisors LLC boosted its holdings in iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after buying an additional 149 shares during the period. Finally, WMG Financial Advisors LLC boosted its holdings in iShares MBS ETF by 4.3% in the 4th quarter. WMG Financial Advisors LLC now owns 3,692 shares of the company’s stock worth $338,000 after buying an additional 152 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

MBB opened at $93.00 on Friday. The firm has a 50-day simple moving average of $92.29 and a two-hundred day simple moving average of $93.28. iShares MBS ETF has a 52 week low of $89.16 and a 52 week high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.3204 per share. The ex-dividend date was Monday, March 3rd.

iShares MBS ETF Company 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).