iShares MBS ETF (NASDAQ:MBB) Sees Large Volume Increase – Should You Buy?

Shares of iShares MBS ETF (NASDAQ:MBB) saw strong trading volume on Friday. Approximately 3,704,861 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 3,266,808 shares. The stock last traded at $91.2750 and had previously closed at $91.38.

iShares MBS ETF Stock Performance

The firm’s 50 day moving average price is $91.38 and its two-hundred day moving average price is $93.19.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.3662 dividend. This represents a $4.39 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Thursday, October 1st. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Shelter Ins Retirement Plan acquired a new position in iShares MBS ETF in the second quarter valued at $12,335,042,000. Envestnet Asset Management Inc. increased its stake in iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after buying an additional 2,006,656 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of iShares MBS ETF by 3.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after purchasing an additional 106,144 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares MBS ETF by 9.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock worth $219,783,000 after purchasing an additional 201,354 shares during the period. Finally, Sei Investments Co. lifted its holdings in iShares MBS ETF by 5.2% during the first quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock valued at $208,335,000 after purchasing an additional 108,361 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

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).