iShares MBS ETF (NASDAQ:MBB) Sees Large Volume Increase – Should You Buy?

iShares MBS ETF (NASDAQ:MBB) shares saw unusually-high trading volume on Monday . Approximately 10,801,607 shares were traded during mid-day trading, an increase of 325% from the previous session’s volume of 2,539,765 shares.The stock last traded at $93.69 and had previously closed at $93.13.

iShares MBS ETF Stock Performance

The stock has a 50-day moving average price of $92.20 and a 200 day moving average price of $93.30.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Trading of iShares MBS ETF

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in iShares MBS ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock valued at $6,966,421,000 after acquiring an additional 1,826,521 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iShares MBS ETF by 49.2% in the fourth quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock valued at $4,741,789,000 after buying an additional 17,056,138 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in iShares MBS ETF by 4.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,770,337 shares of the company’s stock worth $2,637,664,000 after buying an additional 1,336,608 shares during the last quarter. LPL Financial LLC grew its position in iShares MBS ETF by 13.9% in the 4th quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock valued at $2,003,943,000 after buying an additional 2,668,319 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in iShares MBS ETF by 7.9% in the fourth quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock worth $1,806,274,000 after buying an additional 1,436,342 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

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).