Pallas Capital Advisors LLC Boosts Stake in iShares MBS ETF (NASDAQ:MBB)

Pallas Capital Advisors LLC grew its stake in iShares MBS ETF (NASDAQ:MBB) by 3,249.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,011 shares of the company’s stock after acquiring an additional 175,606 shares during the quarter. iShares MBS ETF comprises about 0.7% of Pallas Capital Advisors LLC’s portfolio, making the stock its 25th biggest position. Pallas Capital Advisors LLC’s holdings in iShares MBS ETF were worth $16,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its stake in iShares MBS ETF by 7.1% in the second quarter. Oppenheimer & Co. Inc. now owns 16,422 shares of the company’s stock valued at $1,508,000 after acquiring an additional 1,083 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in iShares MBS ETF by 1.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 19,377 shares of the company’s stock worth $1,779,000 after buying an additional 262 shares during the last quarter. Federated Hermes Inc. grew its stake in iShares MBS ETF by 61.8% during the 2nd quarter. Federated Hermes Inc. now owns 107,250 shares of the company’s stock worth $9,847,000 after buying an additional 40,950 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in iShares MBS ETF during the 2nd quarter valued at about $189,000. Finally, Parallel Advisors LLC raised its stake in iShares MBS ETF by 13.9% in the second quarter. Parallel Advisors LLC now owns 22,577 shares of the company’s stock valued at $2,073,000 after buying an additional 2,747 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

Shares of MBB stock traded down $0.15 during trading hours on Monday, reaching $90.37. 4,140,619 shares of the company’s stock were exchanged, compared to its average volume of 2,590,560. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76. The stock’s fifty day moving average price is $92.40 and its two-hundred day moving average price is $93.62.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.2944 dividend. The ex-dividend date of this dividend was Wednesday, December 18th.

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).