iShares MBS ETF (NASDAQ:MBB) Sees Strong Trading Volume – Time to Buy?

Shares of iShares MBS ETF (NASDAQ:MBB) saw unusually-strong trading volume on Thursday . Approximately 10,262,744 shares changed hands during trading, an increase of 312% from the previous session’s volume of 2,488,700 shares.The stock last traded at $93.67 and had previously closed at $93.80.

iShares MBS ETF Price Performance

The company has a 50 day moving average price of $91.83 and a 200 day moving average price of $93.41.

iShares MBS ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.3414 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares MBS ETF’s previous dividend of $0.29.

Hedge Funds Weigh In On iShares MBS ETF

A number of institutional investors have recently modified their holdings of the company. Yoffe Investment Management LLC bought a new stake in iShares MBS ETF during the 4th quarter valued at $225,000. Capital A Wealth Management LLC bought a new stake in shares of iShares MBS ETF during the fourth quarter worth about $317,000. Armis Advisers LLC bought a new stake in shares of iShares MBS ETF during the fourth quarter worth about $846,000. Integrated Advisors Network LLC raised its holdings in shares of iShares MBS ETF by 0.6% in the 4th quarter. Integrated Advisors Network LLC now owns 35,537 shares of the company’s stock worth $3,258,000 after acquiring an additional 225 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in iShares MBS ETF in the 4th quarter valued at about $412,000. 91.70% of the stock is owned by institutional investors and hedge funds.

About iShares MBS ETF

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).