iShares MBS ETF (NASDAQ:MBB) Reaches New 52-Week Low – What’s Next?

Shares of iShares MBS ETF (NASDAQ:MBB) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $88.92 and last traded at $88.9350, with a volume of 537363 shares. The stock had previously closed at $89.22.

iShares MBS ETF Trading Up 0.3%

The company has a 50-day simple moving average of $92.09 and a two-hundred day simple moving average of $93.56.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.3662 dividend. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, October 1st. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388.

Institutional Investors Weigh In On iShares MBS ETF

Several hedge funds have recently made changes to their positions in the company. Shelter Ins Retirement Plan bought a new position in iShares MBS ETF in the second quarter worth $12,335,042,000. Envestnet Asset Management Inc. grew its position in shares of iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares during the period. TIAA Trust National Association increased its stake in shares of iShares MBS ETF by 2.5% in the 4th quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after acquiring an additional 646,390 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of iShares MBS ETF by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after acquiring an additional 106,144 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in iShares MBS ETF by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after acquiring an additional 201,354 shares during the period. 91.70% of the stock is currently owned by institutional investors.

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).