iShares MBS ETF (NASDAQ:MBB) Hits New 12-Month Low – Should You Sell?

iShares MBS ETF (NASDAQ:MBB)’s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as $90.89 and last traded at $90.8650, with a volume of 1944751 shares traded. The stock had previously closed at $91.45.

iShares MBS ETF Stock Down 0.7%

The business has a fifty day moving average of $92.70 and a 200 day moving average of $93.89.

iShares MBS ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.3388 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.07 dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Trading of iShares MBS ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares MBS ETF by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,119,612 shares of the company’s stock valued at $200,346,000 after acquiring an additional 188,877 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares during the last quarter. Talon Private Wealth LLC boosted its holdings in shares of iShares MBS ETF by 1.3% in the 2nd quarter. Talon Private Wealth LLC now owns 260,720 shares of the company’s stock valued at $24,643,000 after buying an additional 3,219 shares during the period. Tidal Investments LLC boosted its holdings in shares of iShares MBS ETF by 47.1% in the 2nd quarter. Tidal Investments LLC now owns 29,567 shares of the company’s stock valued at $2,785,000 after buying an additional 9,461 shares during the period. Finally, Capital Analysts LLC grew its position in shares of iShares MBS ETF by 21.6% during the 2nd quarter. Capital Analysts LLC now owns 82,871 shares of the company’s stock valued at $7,833,000 after buying an additional 14,709 shares during the last quarter. 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). 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).