iShares MBS ETF (NASDAQ:MBB) Reaches New 12-Month High – Time to Buy?

Shares of iShares MBS ETF (NASDAQ:MBB) reached a new 52-week high on Monday . The stock traded as high as $96.61 and last traded at $96.5890, with a volume of 859565 shares traded. The stock had previously closed at $96.35.

iShares MBS ETF Price Performance

The business has a 50 day moving average price of $95.65 and a 200-day moving average price of $95.27.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.3347 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, February 2nd. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.33.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MBB. Delos Wealth Advisors LLC acquired a new position in shares of iShares MBS ETF during the second quarter valued at about $26,000. Howe & Rusling Inc. grew its stake in shares of iShares MBS ETF by 184.0% in the 3rd quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after buying an additional 184 shares during the period. ESL Trust Services LLC bought a new stake in iShares MBS ETF in the 4th quarter valued at about $28,000. Tsfg LLC raised its stake in iShares MBS ETF by 106.8% during the 2nd quarter. Tsfg LLC now owns 335 shares of the company’s stock worth $31,000 after buying an additional 173 shares during the period. Finally, Westfuller Advisors LLC acquired a new position in iShares MBS ETF during the 3rd quarter worth approximately $33,000. 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).