Traders Buy iShares MBS ETF (MBB) on Weakness

Traders purchased shares of iShares MBS ETF (NASDAQ:MBB) on weakness during trading on Thursday. $42.85 million flowed into the stock on the tick-up and $16.74 million flowed out of the stock on the tick-down, for a money net flow of $26.11 million into the stock. Of all equities tracked, iShares MBS ETF had the 27th highest net in-flow for the day. iShares MBS ETF traded down ($0.08) for the day and closed at $104.56

The firm also recently declared a monthly dividend, which was paid on Monday, December 24th. Stockholders of record on Wednesday, December 19th were issued a $0.0837 dividend. The ex-dividend date was Tuesday, December 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.96%.

Several institutional investors and hedge funds have recently bought and sold shares of MBB. Wells Fargo & Company MN lifted its holdings in shares of iShares MBS ETF by 9.2% in the 3rd quarter. Wells Fargo & Company MN now owns 6,915,276 shares of the company’s stock valued at $714,556,000 after buying an additional 585,450 shares during the period. IndexIQ Advisors LLC raised its holdings in iShares MBS ETF by 242.2% during the third quarter. IndexIQ Advisors LLC now owns 674,861 shares of the company’s stock worth $69,733,000 after purchasing an additional 477,646 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares MBS ETF during the third quarter worth $41,161,000. LFA Lugano Financial Advisors SA acquired a new position in iShares MBS ETF during the second quarter worth $398,000. Finally, BlackRock Inc. raised its holdings in iShares MBS ETF by 21.2% during the second quarter. BlackRock Inc. now owns 2,120,968 shares of the company’s stock worth $220,964,000 after purchasing an additional 370,497 shares during the last quarter.

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iShares MBS ETF Company Profile (NASDAQ:MBB)

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).

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