iShares MBS ETF (NASDAQ:MBB) Sees Strong Trading Volume After Dividend Announcement

iShares MBS ETF (NASDAQ:MBB) shares saw an uptick in trading volume on Monday following a dividend announcement from the company. Approximately 6,372,564 shares were traded during mid-day trading, an increase of 93% from the average daily volume of 3,298,088 shares. The stock last traded at $91.6890 and had previously closed at $92.05.

The newly announced dividend which will be paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.3471 per share. The ex-dividend date is Monday, November 2nd. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.5%. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662.

iShares MBS ETF Stock Performance

The company’s 50-day moving average price is $91.20 and its 200 day moving average price is $93.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Montgomery Financial Services LLC bought a new stake in iShares MBS ETF in the second quarter worth $27,000. Field & Main Bank purchased a new stake in iShares MBS ETF in the second quarter worth $30,000. Beaird Harris Wealth Management LLC bought a new position in iShares MBS ETF in the second quarter worth approximately $34,000. Laurel Wealth Advisors LLC bought a new position in shares of iShares MBS ETF during the third quarter valued at approximately $36,000. Finally, Signaturefd LLC bought a new position in shares of iShares MBS ETF during the 3rd quarter worth approximately $36,000. Institutional investors 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).