iShares MBS ETF (NASDAQ:MBB) Sets New 12-Month Low – Here’s Why

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

iShares MBS ETF Trading Down 0.5%

The stock has a fifty day simple moving average of $93.58 and a two-hundred day simple moving average of $94.46.

iShares MBS ETF Increases Dividend

The firm also recently announced 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.

Hedge Funds Weigh In On iShares MBS ETF

Several institutional investors have recently added to or reduced their stakes in the business. Field & Main Bank acquired a new stake in shares of iShares MBS ETF during the 2nd quarter worth approximately $30,000. Montgomery Financial Services LLC acquired a new position in shares of iShares MBS ETF during the 2nd quarter valued at $27,000. ESL Trust Services LLC acquired a new position in shares of iShares MBS ETF during the 4th quarter valued at $28,000. Brown Lisle Cummings Inc. bought a new position in iShares MBS ETF during the first quarter worth $28,000. Finally, First Community Trust NA bought a new position in iShares MBS ETF during the first quarter worth $32,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Company Profile

(Get Free Report)

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).

Further Reading

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