iShares MBS ETF (NASDAQ:MBB) Hits New 52-Week High – Still a Buy?

Shares of iShares MBS ETF (NASDAQ:MBB) reached a new 52-week high on Monday . The company traded as high as $96.61 and last traded at $96.5890, with a volume of 859565 shares traded. The stock had previously closed at $96.35.

iShares MBS ETF Price Performance

The stock has a 50 day moving average price of $95.57 and a 200 day moving average price of $95.22.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.3347 per share. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On iShares MBS ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in shares of iShares MBS ETF by 11.8% in the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after buying an additional 7,566,099 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares MBS ETF by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock worth $4,917,131,000 after acquiring an additional 1,182,620 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares MBS ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after acquiring an additional 1,104,895 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares MBS ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock valued at $2,616,104,000 after acquiring an additional 727,070 shares in the last quarter. Finally, TIAA Trust National Association increased its holdings in shares of iShares MBS ETF by 2.5% during the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock valued at $2,479,899,000 after acquiring an additional 646,390 shares in 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).