iShares MBS ETF (NASDAQ:MBB) Reaches New 12-Month Low – What’s Next?

Shares of iShares MBS ETF (NASDAQ:MBB) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $92.79 and last traded at $92.80, with a volume of 1038498 shares trading hands. The stock had previously closed at $93.29.

iShares MBS ETF Stock Down 0.5%

The firm has a 50 day moving average price of $94.04 and a 200-day moving average price of $94.83.

iShares MBS ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.3373 dividend. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Legacy Edge Advisors LLC bought a new position in shares of iShares MBS ETF in the fourth quarter worth about $1,687,000. ASL Financial LLC bought a new stake in iShares MBS ETF during the 4th quarter valued at about $977,000. World Investment Advisors lifted its holdings in iShares MBS ETF by 99.0% during the 4th quarter. World Investment Advisors now owns 112,883 shares of the company’s stock valued at $10,749,000 after buying an additional 56,162 shares in the last quarter. Bangor Savings Bank boosted its position in iShares MBS ETF by 10.1% in the 4th quarter. Bangor Savings Bank now owns 378,823 shares of the company’s stock valued at $36,072,000 after buying an additional 34,786 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its position in iShares MBS ETF by 4.8% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,064,604 shares of the company’s stock valued at $101,372,000 after buying an additional 49,015 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Company Profile

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).