iShares MBS ETF (NASDAQ:MBB) Stock Price Down 0.3%

iShares MBS ETF (NASDAQ:MBB – Get Rating) shares fell 0.3% on Wednesday . The stock traded as low as $92.94 and last traded at $92.99. 2,096,555 shares were traded during mid-day trading, a decline of 5% from the average session volume of 2,217,287 shares. The stock had previously closed at $93.29.

iShares MBS ETF Stock Up 0.1 %

The company’s fifty day simple moving average is $94.27 and its two-hundred day simple moving average is $94.09.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 5th. Shareholders of record on Tuesday, May 2nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 1st. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.25. This represents a $3.12 annualized dividend and a yield of 3.37%.

Institutional Investors Weigh In On iShares MBS ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC raised its holdings in shares of iShares MBS ETF by 22.1% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 15,838 shares of the company’s stock worth $1,469,000 after acquiring an additional 2,865 shares during the period. Concourse Financial Group Securities Inc. increased its stake in iShares MBS ETF by 144.8% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 144,458 shares of the company’s stock valued at $13,398,000 after buying an additional 85,458 shares during the last quarter. MGO One Seven LLC acquired a new stake in iShares MBS ETF in the 4th quarter valued at $208,000. Leavell Investment Management Inc. increased its stake in iShares MBS ETF by 1.1% in the 4th quarter. Leavell Investment Management Inc. now owns 22,441 shares of the company’s stock valued at $2,081,000 after buying an additional 255 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in iShares MBS ETF by 280.6% in the 4th quarter. First Horizon Advisors Inc. now owns 22,679 shares of the company’s stock valued at $2,104,000 after buying an additional 16,721 shares during the last quarter. 77.56% of the stock is currently owned by institutional investors and hedge funds.

About iShares MBS ETF

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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).