iShares MBS ETF (NASDAQ:MBB) Sees Large Volume Increase – Time to Buy?

Shares of iShares MBS ETF (NASDAQ:MBB) saw unusually-strong trading volume on Monday . Approximately 3,388,867 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 2,221,625 shares.The stock last traded at $92.32 and had previously closed at $92.18.

iShares MBS ETF Stock Down 0.6 %

The stock has a fifty day moving average of $91.95 and a two-hundred day moving average of $93.53.

iShares MBS ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.3414 dividend. This is a boost from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

Hedge Funds Weigh In On iShares MBS ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MBB. Hobbs Group Advisors LLC raised its holdings in iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new stake in shares of iShares MBS ETF during the third quarter worth $30,000. Godsey & Gibb Inc. bought a new position in iShares MBS ETF during the third quarter worth $33,000. MeadowBrook Investment Advisors LLC lifted its holdings in iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 306 shares during the period. Finally, Truvestments Capital LLC bought a new stake in iShares MBS ETF during the fourth quarter valued at $36,000. 91.70% of the stock is owned by institutional investors and hedge funds.

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).