iShares MBS ETF (NASDAQ:MBB) Stock Cross Below Fifty Day Moving Average – Here’s Why

Shares of iShares MBS ETF (NASDAQ:MBB) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $90.91 and traded as low as $90.41. iShares MBS ETF shares last traded at $90.45, with a volume of 4,542,292 shares trading hands.

iShares MBS ETF Trading Down 0.7%

The business has a fifty day simple moving average of $90.91 and a 200 day simple moving average of $93.61.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a $0.3471 dividend. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.6%. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662. The ex-dividend date of this dividend was Monday, November 2nd.

Institutional Trading of iShares MBS ETF

A number of large investors have recently made changes to their positions in MBB. Envestnet Asset Management Inc. increased its position in iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. TIAA CREF Individual & Institutional Services LLC lifted its holdings in iShares MBS ETF by 4.2% in the 3rd quarter. TIAA CREF Individual & Institutional Services LLC now owns 8,000,549 shares of the company’s stock valued at $717,009,000 after purchasing an additional 321,656 shares in the last quarter. Allworth Financial LP lifted its holdings in iShares MBS ETF by 19.1% in the 3rd quarter. Allworth Financial LP now owns 3,613,057 shares of the company’s stock valued at $341,506,000 after purchasing an additional 578,164 shares in the last quarter. Midland Wealth Advisors LLC boosted its stake in shares of iShares MBS ETF by 26.9% during the 3rd quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock worth $286,481,000 after purchasing an additional 677,722 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of iShares MBS ETF by 3.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after purchasing an additional 106,144 shares during the last quarter. Institutional investors and hedge funds 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).