iShares MBS ETF (NASDAQ:MBB) Reaches New 1-Year Low – Should You Sell?

iShares MBS ETF (NASDAQ:MBB) shares hit a new 52-week low on Tuesday. The stock traded as low as $89.47 and last traded at $89.66, with a volume of 5738541 shares traded. The stock had previously closed at $90.34.

iShares MBS ETF Stock Performance

The company’s fifty day moving average is $92.41 and its 200-day moving average is $93.73.

iShares MBS ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.3388 per share. This represents a $4.07 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in iShares MBS ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares MBS ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock valued at $2,656,940,000 after buying an additional 1,104,895 shares during the last quarter. TIAA Trust National Association lifted its position in shares of iShares MBS ETF by 2.5% during the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock valued at $2,479,899,000 after buying an additional 646,390 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of iShares MBS ETF by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after buying an additional 106,144 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of iShares MBS ETF by 9.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock worth $219,783,000 after buying an additional 201,354 shares during the last quarter. 91.70% of the stock is 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).