The most recent filing that Avalon Investment & Advisory has submitted to the SEC indicates that the company’s holdings in the iShares MBS ETF (NASDAQ: MBB) were reduced by 28.4% during the third quarter. After making a transaction during the most recent quarter that resulted in the sale of 83,679 shares of the company’s stock, the institutional investor now holds 211,186 shares in their portfolio. The most recent report that Avalon Investment & Advisory submitted to the SEC indicated that the company owned approximately 0.09% of the iShares MBS ETF, which had a value of approximately $19,340,000 at the time of the filing.
Recent transactions have caused adjustments to the proportion of the company’s stock that hedge funds and other institutional investors hold. These investors include pension funds, endowments, and foundations. A new investment in the iShares MBS ETF with an approximate value of $33,000 was started by Fairfield Bush & Co. during the first three months of 2018. Synovus Financial Corporation increased the percentage of iShares MBS ETF shares it owned by 3.8% during the first three months of 2018. After purchasing an additional 519 shares during the most recent quarter, Synovus Financial Corp. now owns 14,266 shares, which have a value of $1,453,000. Mackay Shields LLC increased the amount of money it had invested in the iShares MBS ETF by 80.0% during the year’s first three months. Mackay Shields LLC now has a total of 4,927 shares of the company’s stock, which are currently valued at $502,000 following the acquisition of an additional 2,190 shares during the preceding quarter. During the first three months of the year, Moors & Cabot, Inc. increased the proportion of the iShares MBS ETF that it owned by 9.0 percentage points. After purchasing 671 additional shares during the most recent quarter, Moors & Cabot Inc. now directly owns 8,130 shares, which have a value of $828,000. This brings the total number of shares that the company has in its possession to 8,130. And finally, during the first three months of this year, Baird Financial Group Inc. increased the number of shares it owned in the iShares MBS ETF by 15.8 percent. After making additional purchases totaling 14,625 shares during the quarter, Baird Financial Group Inc. now holds a total of 107,020 shares of the company’s stock in its portfolio. When these shares are factored in, the total value of the company’s stock comes to $10,902,000.
On Friday, the MBB stock price opened for trading at $96.05 per share.
The company currently has a simple moving average of $93.53 over the past 50 days, and its simple moving average over the past 200 days is $94.67. Over the previous year, the price of the iShares MBS ETF fell to $88, while it reached a high of $106.27 during the same period.
The company recently announced a monthly dividend, which was paid out on December 21st. In addition, the company has just recently announced this dividend. On Friday, December 16th, dividends for $0.241 were distributed to shareholders of record as of the previous Friday, December 16th. In the past, the iShares MBS ETF had been paying out a monthly dividend of $0.23; this amount represents an increase from the previous pa