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

iShares MBS ETF (NASDAQ:MBB) shares saw strong trading volume on Wednesday . 4,463,046 shares were traded during mid-day 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 Price Performance

The company has a 50-day moving average price of $95.42 and a 200-day moving average price of $92.91.

iShares MBS ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.3177 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares MBS ETF

Several large investors have recently bought and sold shares of the company. Strait & Sound Wealth Management LLC grew its holdings in shares of iShares MBS ETF by 3.7% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 3,309 shares of the company’s stock valued at $298,000 after buying an additional 117 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of iShares MBS ETF by 1.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,606 shares of the company’s stock valued at $888,000 after purchasing an additional 119 shares in the last quarter. DB Fitzpatrick & Co Inc grew its position in shares of iShares MBS ETF by 0.6% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 19,518 shares of the company’s stock valued at $1,792,000 after purchasing an additional 119 shares during the period. Cypress Wealth Services LLC increased its stake in iShares MBS ETF by 0.3% during the 3rd quarter. Cypress Wealth Services LLC now owns 46,586 shares of the company’s stock worth $4,463,000 after purchasing an additional 120 shares in the last quarter. Finally, New Republic Capital LLC raised its holdings in iShares MBS ETF by 5.0% during the 1st quarter. New Republic Capital LLC now owns 2,636 shares of the company’s stock worth $244,000 after buying an additional 125 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).