iShares MBS ETF (NASDAQ:MBB) Sets New 12-Month Low – Time to Sell?

iShares MBS ETF (NASDAQ:MBB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $92.47 and last traded at $92.55, with a volume of 198554 shares trading hands. The stock had previously closed at $93.10.

iShares MBS ETF Stock Up 0.1%

The company has a fifty day simple moving average of $93.50 and a 200 day simple moving average of $94.42.

iShares MBS ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be paid a $0.3388 dividend. The ex-dividend date is Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Institutional Trading of iShares MBS ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MBB. MLG Wealth Management DBA Pine Grove Financial Group lifted its stake in shares of iShares MBS ETF by 14.6% in the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 159,607 shares of the company’s stock worth $15,086,000 after buying an additional 20,356 shares in the last quarter. Range Advisory LLC increased its position in shares of iShares MBS ETF by 55.8% during the second quarter. Range Advisory LLC now owns 32,300 shares of the company’s stock valued at $3,053,000 after acquiring an additional 11,574 shares in the last quarter. Alternative Investment Advisors LLC. purchased a new position in iShares MBS ETF in the 2nd quarter worth approximately $285,000. Corient Private Wealth LP raised its holdings in iShares MBS ETF by 28.3% in the 2nd quarter. Corient Private Wealth LP now owns 786,118 shares of the company’s stock worth $74,304,000 after acquiring an additional 173,525 shares during the last quarter. Finally, Advus Financial Partners LLC bought a new position in iShares MBS ETF in the 2nd quarter valued at approximately $664,000. 91.70% of the stock is currently owned by institutional investors.

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). 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).