iShares MBS ETF (NASDAQ:MBB) Hits New 52-Week Low – Here’s What Happened

iShares MBS ETF (NASDAQ:MBB) hit a new 52-week low on Tuesday . The stock traded as low as $92.47 and last traded at $92.55, with a volume of 198554 shares changing hands. The stock had previously closed at $93.10.

iShares MBS ETF Trading Down 0.5%

The stock’s 50-day moving average price is $93.58 and its 200-day moving average price is $94.46.

iShares MBS ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.3413 per share. This is an increase from iShares MBS ETF’s previous dividend of $0.34. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Investors Weigh In On iShares MBS ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Global Financial Private Client LLC increased its holdings in shares of iShares MBS ETF by 3.8% during the first quarter. Global Financial Private Client LLC now owns 2,937 shares of the company’s stock valued at $279,000 after acquiring an additional 108 shares in the last quarter. RFG Advisory LLC raised its position in shares of iShares MBS ETF by 3.0% during the fourth quarter. RFG Advisory LLC now owns 3,989 shares of the company’s stock worth $380,000 after purchasing an additional 116 shares during the period. Alteri Wealth LLC lifted its holdings in shares of iShares MBS ETF by 0.6% in the 4th quarter. Alteri Wealth LLC now owns 18,467 shares of the company’s stock worth $1,758,000 after purchasing an additional 118 shares in the last quarter. Merkkuri Wealth Advisors LLC increased its stake in iShares MBS ETF by 1.2% during the 1st 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 in the last quarter. Finally, Signature Equity Partners LLC increased its stake in iShares MBS ETF by 27.4% during the 1st quarter. Signature Equity Partners LLC now owns 562 shares of the company’s stock valued at $53,000 after purchasing an additional 121 shares in 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).