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

Pallas Capital Advisors LLC grew its position in shares of iShares MBS ETF (NASDAQ:MBB) by 3,249.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 181,011 shares of the company’s stock after acquiring an additional 175,606 shares during the quarter. iShares MBS ETF comprises approximately 0.7% of Pallas Capital Advisors LLC’s holdings, making the stock its 25th largest holding. Pallas Capital Advisors LLC’s holdings in iShares MBS ETF were worth $16,595,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Hobbs Group Advisors LLC lifted its holdings in shares of 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 acquiring an additional 149 shares during the last quarter. St. Johns Investment Management Company LLC bought a new stake in iShares MBS ETF in the third quarter worth about $30,000. Godsey & Gibb Inc. purchased a new position in shares of iShares MBS ETF during the third quarter valued at approximately $33,000. MeadowBrook Investment Advisors LLC grew its stake in shares of iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of iShares MBS ETF by 254.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock valued at $44,000 after buying an additional 333 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Down 0.2 %

MBB traded down $0.15 on Monday, reaching $90.37. 4,140,619 shares of the company traded hands, compared to its average volume of 2,590,560. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76. The firm has a fifty day simple moving average of $92.40 and a two-hundred day simple moving average of $93.62.

iShares MBS ETF Cuts Dividend

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

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).