Pallas Capital Advisors LLC Has $708,000 Stock Position in iShares MBS ETF (NASDAQ:MBB)

Pallas Capital Advisors LLC decreased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,611 shares of the company’s stock after selling 677 shares during the period. Pallas Capital Advisors LLC’s holdings in iShares MBS ETF were worth $708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dakota Wealth Management acquired a new position in shares of iShares MBS ETF in the 2nd quarter valued at $6,110,000. First Horizon Advisors Inc. raised its holdings in iShares MBS ETF by 7.2% in the second quarter. First Horizon Advisors Inc. now owns 32,293 shares of the company’s stock worth $2,965,000 after purchasing an additional 2,163 shares during the period. Continuum Advisory LLC raised its position in shares of iShares MBS ETF by 11.3% during the second quarter. Continuum Advisory LLC now owns 3,271 shares of the company’s stock worth $300,000 after purchasing an additional 331 shares during the period. AAFMAA Wealth Management & Trust LLC lifted its stake in iShares MBS ETF by 2.4% in the second quarter. AAFMAA Wealth Management & Trust LLC now owns 66,305 shares of the company’s stock valued at $6,087,000 after buying an additional 1,554 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of iShares MBS ETF by 23.0% in the second quarter. Raymond James & Associates now owns 631,313 shares of the company’s stock valued at $57,961,000 after buying an additional 117,865 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.1 %

NASDAQ:MBB traded up $0.08 during trading hours on Wednesday, reaching $95.27. 165,633 shares of the stock were exchanged, compared to its average volume of 2,294,111. The firm has a 50 day moving average of $93.12 and a 200 day moving average of $91.97. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $95.85.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were issued a $0.3086 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 3.89%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date was Thursday, August 1st.

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).