iShares MBS ETF (NASDAQ:MBB) Reaches New 12-Month High – Here’s What Happened

iShares MBS ETF (NASDAQ:MBB) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $96.40 and last traded at $96.3650, with a volume of 141789 shares traded. The stock had previously closed at $96.14.

iShares MBS ETF Stock Performance

The firm’s 50 day simple moving average is $95.41 and its 200 day simple moving average is $95.07.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.3347 per share. The ex-dividend date was Monday, February 2nd. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.33. This represents a c) annualized dividend and a yield of 4.2%.

Hedge Funds Weigh In On iShares MBS ETF

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in shares of iShares MBS ETF by 11.8% in the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after buying an additional 7,566,099 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares MBS ETF by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after acquiring an additional 1,182,620 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares MBS ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of iShares MBS ETF by 2.7% in the third quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock worth $2,616,104,000 after purchasing an additional 727,070 shares during the last quarter. Finally, TIAA Trust National Association grew 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 purchasing an additional 646,390 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

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).