iShares MBS ETF (NASDAQ:MBB) Sees Strong Trading Volume – Should You Buy?

iShares MBS ETF (NASDAQ:MBB) saw unusually-strong trading volume on Wednesday. 9,179,288 shares traded 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 business’s 50-day moving average price is $91.75 and its 200 day moving average price is $93.39.

iShares MBS ETF Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.39 annualized dividend and a dividend yield of 4.9%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388.

Hedge Funds Weigh In On iShares MBS ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Global Financial Private Client LLC boosted its holdings in iShares MBS ETF by 3.8% in the first quarter. Global Financial Private Client LLC now owns 2,937 shares of the company’s stock valued at $279,000 after purchasing an additional 108 shares in the last quarter. Merkkuri Wealth Advisors LLC increased its stake in iShares MBS ETF by 1.2% in the first quarter. Merkkuri Wealth Advisors LLC now owns 9,944 shares of the company’s stock valued at $944,000 after purchasing an additional 120 shares during the last quarter. Signature Equity Partners LLC raised its holdings in iShares MBS ETF by 27.4% during the first quarter. Signature Equity Partners LLC now owns 562 shares of the company’s stock worth $53,000 after purchasing an additional 121 shares in the last quarter. Beacon Financial Advisory LLC raised its holdings in iShares MBS ETF by 1.7% during the fourth quarter. Beacon Financial Advisory LLC now owns 7,717 shares of the company’s stock worth $735,000 after purchasing an additional 127 shares in the last quarter. Finally, Trinity Wealth Management LLC raised its holdings in iShares MBS ETF by 1.9% during the first quarter. Trinity Wealth Management LLC now owns 7,061 shares of the company’s stock worth $670,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

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).