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

iShares MBS ETF (NASDAQ:MBB) saw unusually-strong trading volume on Monday . Approximately 10,801,607 shares were traded during trading, an increase of 325% from the previous session’s volume of 2,539,765 shares.The stock last traded at $93.69 and had previously closed at $93.13.

iShares MBS ETF Stock Up 0.5 %

The firm has a 50 day moving average price of $92.13 and a 200-day moving average price of $93.33.

iShares MBS ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On iShares MBS ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hobbs Group Advisors LLC lifted its stake in iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 149 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its stake in shares of iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares in the last quarter. Truvestments Capital LLC purchased a new position in iShares MBS ETF in the fourth quarter valued at $36,000. Key Financial Inc raised its stake in iShares MBS ETF by 4,220.0% in the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 422 shares in the last quarter. Finally, Activest Wealth Management acquired a new stake in iShares MBS ETF in the fourth quarter valued at $58,000. 91.70% of the stock is 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).