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

iShares MBS ETF (NASDAQ:MBB)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $92.24 and last traded at $92.2350, with a volume of 270569 shares traded. The stock had previously closed at $92.53.

iShares MBS ETF Stock Down 0.3%

The company has a fifty day moving average of $93.32 and a two-hundred day moving average of $94.31.

iShares MBS ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.3388 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Tuesday, September 1st.

Institutional Investors Weigh In On iShares MBS ETF

A number of hedge funds have recently bought and sold shares of MBB. Global Financial Private Client LLC increased its stake in shares of iShares MBS ETF by 3.8% in the first quarter. Global Financial Private Client LLC now owns 2,937 shares of the company’s stock worth $279,000 after purchasing an additional 108 shares during the period. RFG Advisory LLC grew its holdings in iShares MBS ETF by 3.0% in the 4th quarter. RFG Advisory LLC now owns 3,989 shares of the company’s stock valued at $380,000 after buying an additional 116 shares during the last quarter. Alteri Wealth LLC grew its holdings in iShares MBS ETF by 0.6% in the 4th quarter. Alteri Wealth LLC now owns 18,467 shares of the company’s stock valued at $1,758,000 after buying an additional 118 shares during the last quarter. Merkkuri Wealth Advisors LLC increased its position in iShares MBS ETF by 1.2% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 9,944 shares of the company’s stock worth $944,000 after buying an additional 120 shares during the period. Finally, Signature Equity Partners LLC increased its position in iShares MBS ETF by 27.4% in the 1st quarter. Signature Equity Partners LLC now owns 562 shares of the company’s stock worth $53,000 after buying an additional 121 shares during the period. 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). 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).