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

iShares MBS ETF (NASDAQ:MBB) saw unusually-strong trading volume on Wednesday . Approximately 4,463,046 shares traded hands during trading, an increase of 94% from the previous session’s volume of 2,299,324 shares.The stock last traded at $94.32 and had previously closed at $94.47.

iShares MBS ETF Stock Performance

The firm’s 50-day moving average is $95.41 and its 200-day moving average is $92.89.

iShares MBS ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.3177 dividend. The ex-dividend date was Tuesday, September 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBB. Oppenheimer & Co. Inc. lifted its position in iShares MBS ETF by 29.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 13,395 shares of the company’s stock valued at $1,260,000 after purchasing an additional 3,016 shares during the period. Cresset Asset Management LLC raised its position in iShares MBS ETF by 431.0% in the fourth quarter. Cresset Asset Management LLC now owns 217,754 shares of the company’s stock worth $20,486,000 after acquiring an additional 176,747 shares during the period. Jacobi Capital Management LLC raised its position in iShares MBS ETF by 11.4% in the fourth quarter. Jacobi Capital Management LLC now owns 17,699 shares of the company’s stock worth $1,665,000 after acquiring an additional 1,811 shares during the period. Creative Planning raised its position in iShares MBS ETF by 5.4% in the fourth quarter. Creative Planning now owns 333,228 shares of the company’s stock worth $31,350,000 after acquiring an additional 17,182 shares during the period. Finally, Pacific Financial Group Inc. raised its position in iShares MBS ETF by 2.4% in the fourth quarter. Pacific Financial Group Inc. now owns 9,105 shares of the company’s stock worth $857,000 after acquiring an additional 211 shares during the period. 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).