iShares MBS ETF (NASDAQ:MBB) Sees Strong Trading Volume – Here’s Why

Shares of iShares MBS ETF (NASDAQ:MBB) saw unusually-strong trading volume on Monday . Approximately 4,590,413 shares were traded during mid-day trading, an increase of 70% from the previous session’s volume of 2,697,438 shares.The stock last traded at $93.87 and had previously closed at $93.74.

iShares MBS ETF Price Performance

The firm has a 50-day moving average of $94.60 and a 200 day moving average of $95.20.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.3334 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of iShares MBS ETF during the 4th quarter worth about $273,000. AQR Capital Management LLC increased its position in shares of iShares MBS ETF by 11.4% during the 1st quarter. AQR Capital Management LLC now owns 10,134 shares of the company’s stock worth $950,000 after purchasing an additional 1,034 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of iShares MBS ETF by 13.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 378,767 shares of the company’s stock worth $35,521,000 after purchasing an additional 43,527 shares in the last quarter. Invesco Ltd. increased its position in shares of iShares MBS ETF by 2.5% during the 2nd quarter. Invesco Ltd. now owns 11,446 shares of the company’s stock worth $1,075,000 after purchasing an additional 279 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares MBS ETF during the 2nd quarter worth about $240,000. 91.70% of the stock is currently 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). 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).