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

iShares MBS ETF (NASDAQ:MBB) saw unusually-high 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 company’s 50 day moving average price is $95.41 and its 200-day moving average price is $92.89.

iShares MBS ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.3177 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MBB. Jane Street Group LLC grew its position in shares of iShares MBS ETF by 542.0% during the 1st quarter. Jane Street Group LLC now owns 8,429,084 shares of the company’s stock valued at $779,016,000 after purchasing an additional 7,116,171 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MBS ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,036,908 shares of the company’s stock worth $2,298,639,000 after acquiring an additional 2,829,414 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of iShares MBS ETF during the 1st quarter worth $158,046,000. Midland Wealth Advisors LLC bought a new stake in shares of iShares MBS ETF during the 4th quarter worth $151,461,000. Finally, LPL Financial LLC lifted its holdings in shares of iShares MBS ETF by 6.9% during the 2nd quarter. LPL Financial LLC now owns 18,051,515 shares of the company’s stock worth $1,657,310,000 after acquiring an additional 1,157,953 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other 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).