iShares MBS ETF (NASDAQ:MBB) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 7,808 call options on the stock. This represents an increase of approximately 670% compared to the typical volume of 1,014 call options.
Shares of NASDAQ:MBB traded down $0.06 on Tuesday, hitting $110.73. The stock had a trading volume of 15,121 shares, compared to its average volume of 2,118,819. iShares MBS ETF has a twelve month low of $104.79 and a twelve month high of $111.31. The firm’s 50 day moving average price is $110.97 and its 200-day moving average price is $109.57.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of iShares MBS ETF by 0.3% in the 4th quarter. Bank of America Corp DE now owns 56,502,662 shares of the company’s stock valued at $6,105,677,000 after purchasing an additional 149,940 shares during the period. Charles Schwab Investment Advisory Inc. increased its stake in iShares MBS ETF by 17.5% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 10,791,687 shares of the company’s stock worth $1,166,150,000 after acquiring an additional 1,603,739 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares MBS ETF by 1.3% during the 1st quarter. JPMorgan Chase & Co. now owns 9,457,672 shares of the company’s stock valued at $1,044,505,000 after buying an additional 121,190 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of iShares MBS ETF by 3.8% in the first quarter. Fisher Asset Management LLC now owns 7,071,609 shares of the company’s stock valued at $780,989,000 after acquiring an additional 258,478 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of iShares MBS ETF by 15.5% during the first quarter. Morgan Stanley now owns 3,829,000 shares of the company’s stock worth $422,876,000 after purchasing an additional 514,162 shares during the period.
Separately, ValuEngine upgraded shares of iShares MBS ETF from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd.
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).
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