iShares MBS ETF (NASDAQ:MBB – Get Free Report) shares saw an uptick in trading volume on Wednesday. 9,179,288 shares changed hands during trading, an increase of 192% from the previous session’s volume of 3,138,909 shares. The stock last traded at $89.9050 and had previously closed at $89.97.
iShares MBS ETF Stock Performance
The firm has a 50 day moving average of $91.64 and a 200-day moving average of $93.34.
iShares MBS ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.3662 dividend. The ex-dividend date was Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.9%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in MBB. Field & Main Bank bought a new stake in shares of iShares MBS ETF during the second quarter worth $30,000. Montgomery Financial Services LLC bought a new position in shares of iShares MBS ETF in the 2nd quarter valued at about $27,000. Brown Lisle Cummings Inc. acquired a new stake in shares of iShares MBS ETF during the 1st quarter worth approximately $28,000. First Community Trust NA bought a new stake in shares of iShares MBS ETF during the first quarter worth approximately $32,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in shares of iShares MBS ETF during the second quarter worth approximately $34,000. 91.70% of the stock is owned by institutional investors.
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).
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