iShares MBS ETF (NASDAQ:MBB) Sees Strong Trading Volume

Shares of iShares MBS ETF (NASDAQ:MBB) saw unusually-strong trading volume on Tuesday . Approximately 2,398,653 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 2,615,219 shares.The stock last traded at $92.35 and had previously closed at $92.33.

iShares MBS ETF Stock Performance

The firm’s 50-day simple moving average is $92.30 and its 200-day simple moving average is $90.99.

iShares MBS ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, March 4th were given a dividend of $0.2921 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Friday, March 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Register Financial Advisors LLC boosted its stake in shares of iShares MBS ETF by 584.6% in the fourth quarter. Register Financial Advisors LLC now owns 267 shares of the company’s stock worth $25,000 after acquiring an additional 228 shares during the period. BluePath Capital Management LLC purchased a new position in shares of iShares MBS ETF in the third quarter worth $26,000. Ambassador Advisors LLC boosted its position in shares of iShares MBS ETF by 332.8% during the first quarter. Ambassador Advisors LLC now owns 277 shares of the company’s stock worth $26,000 after acquiring an additional 213 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in iShares MBS ETF during the fourth quarter valued at $28,000. Finally, Avior Wealth Management LLC lifted its stake in iShares MBS ETF by 535.3% in the 3rd quarter. Avior Wealth Management LLC now owns 324 shares of the company’s stock worth $29,000 after purchasing an additional 273 shares in the last quarter. 91.70% of the stock is currently 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).