Shares of iShares MBS ETF (NASDAQ:MBB – Get Free Report) saw unusually-strong trading volume on Friday. Approximately 3,704,861 shares changed hands during 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 Price Performance
The business’s 50-day simple moving average is $91.38 and its 200-day simple moving average is $93.19.
iShares MBS ETF Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.3662 per share. This represents a $4.39 dividend on an annualized basis and a yield of 4.8%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date was Thursday, October 1st.
Institutional Investors Weigh In On iShares MBS ETF
A number of hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in shares of iShares MBS ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after purchasing an additional 2,006,656 shares during the period. PNC Financial Services Group Inc. raised its stake in iShares MBS ETF by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after acquiring an additional 106,144 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares MBS ETF by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after buying an additional 201,354 shares during the last quarter. Sei Investments Co. grew its position in shares of iShares MBS ETF by 5.2% during the 1st quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock valued at $208,335,000 after acquiring an additional 108,361 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of iShares MBS ETF by 9.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,119,612 shares of the company’s stock worth $200,346,000 after purchasing an additional 188,877 shares during the last quarter. Hedge funds and other 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).
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