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

Shares of iShares MBS ETF (NASDAQ:MBB) saw unusually-high trading volume on Wednesday . Approximately 4,463,046 shares traded hands during mid-day trading, an increase of 94% from the previous session’s volume of 2,299,324 shares.The stock last traded at $94.32 and had previously closed at $94.47.

iShares MBS ETF Price Performance

The firm has a 50-day moving average of $95.42 and a 200 day moving average of $92.91.

iShares MBS ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.3177 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares MBS ETF

Several large investors have recently modified their holdings of the stock. Financial Management Professionals Inc. bought a new stake in shares of iShares MBS ETF in the 1st quarter worth about $26,000. Chris Bulman Inc acquired a new stake in shares of iShares MBS ETF during the second quarter worth approximately $31,000. Versant Capital Management Inc acquired a new stake in shares of iShares MBS ETF during the first quarter worth approximately $32,000. Rothschild Investment LLC bought a new position in shares of iShares MBS ETF in the second quarter valued at approximately $33,000. Finally, Able Wealth Management LLC acquired a new position in shares of iShares MBS ETF in the 4th quarter worth approximately $43,000. 91.70% of the stock is currently owned by 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).