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

iShares MBS ETF (NASDAQ:MBB) shares reached a new 52-week high during trading on Friday . The company traded as high as $96.40 and last traded at $96.3650, with a volume of 141789 shares trading hands. The stock had previously closed at $96.14.

iShares MBS ETF Stock Up 0.4%

The company has a 50 day moving average of $95.44 and a two-hundred day moving average of $95.11.

iShares MBS ETF Increases Dividend

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

Institutional Investors Weigh In On iShares MBS ETF

Institutional investors have recently made changes to their positions in the company. TIAA Trust National Association boosted its stake in shares of iShares MBS ETF by 349.3% during the 2nd quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock worth $2,245,510,000 after acquiring an additional 18,631,536 shares during the last quarter. Bank of America Corp DE raised its holdings in 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 purchasing an additional 7,566,099 shares during the period. Barclays PLC lifted its position in iShares MBS ETF by 77.1% during the third quarter. Barclays PLC now owns 7,632,784 shares of the company’s stock valued at $726,259,000 after purchasing an additional 3,322,737 shares in the last quarter. Bank of Montreal Can lifted its position in iShares MBS ETF by 102.6% during the fourth quarter. Bank of Montreal Can now owns 2,883,524 shares of the company’s stock valued at $274,569,000 after purchasing an additional 1,460,545 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in iShares MBS ETF by 10,569.3% during the second quarter. Prudential Financial Inc. now owns 1,463,719 shares of the company’s stock valued at $137,429,000 after purchasing an additional 1,450,000 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

About iShares MBS ETF

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).