iShares MBS ETF (NASDAQ:MBB) Sees Strong Trading Volume Following Dividend Announcement

iShares MBS ETF (NASDAQ:MBB) shares saw an uptick in trading volume on Monday following a dividend announcement from the company. Approximately 6,372,564 shares were traded during mid-day trading, an increase of 93% from the average daily volume of 3,298,088 shares. The stock last traded at $91.6890 and had previously closed at $92.05.

The newly announced dividend which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be issued a $0.3471 dividend. This is a drop from iShares MBS ETF’s previous monthly dividend of $0.3662. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, November 2nd.

iShares MBS ETF Stock Down 0.3%

The stock has a fifty day moving average price of $91.20 and a two-hundred day moving average price of $93.79.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MBB. Envestnet Asset Management Inc. raised its holdings in iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after buying an additional 2,006,656 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in iShares MBS ETF during the third quarter worth about $153,345,000. Asset Management One Co. Ltd. purchased a new position in shares of iShares MBS ETF during the third quarter valued at approximately $111,873,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares MBS ETF in the 3rd quarter worth approximately $75,219,000. Finally, Nottingham Advisors Inc. purchased a new stake in shares of iShares MBS ETF in the third quarter worth $70,427,000. 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).