iShares MBS ETF (NASDAQ:MBB) Hits New 1-Year Low – Here’s What Happened

iShares MBS ETF (NASDAQ:MBB) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $91.02 and last traded at $91.22, with a volume of 3067431 shares. The stock had previously closed at $91.38.

iShares MBS ETF Trading Down 0.0%

The company’s 50-day moving average is $93.02 and its 200 day moving average is $94.10.

iShares MBS ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.3388 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Investors Weigh In On iShares MBS ETF

Institutional investors have recently modified their holdings of the business. Ferguson Wellman Capital Management Inc. acquired a new position in shares of iShares MBS ETF during the first quarter valued at approximately $138,835,000. LPL Financial LLC lifted its position in shares of iShares MBS ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock valued at $2,656,940,000 after acquiring an additional 1,104,895 shares in the last quarter. TIAA Trust National Association boosted its stake in shares of iShares MBS ETF by 2.5% in the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after acquiring an additional 646,390 shares during the last quarter. Rodgers & Associates LTD acquired a new stake in shares of iShares MBS ETF in the second quarter worth approximately $37,987,000. Finally, Tsfg LLC purchased a new stake in shares of iShares MBS ETF during the second quarter worth approximately $9,505,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).