Truist Financial Corp Has $339.35 Million Stock Position in iShares MBS ETF (NASDAQ:MBB)

Truist Financial Corp lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,701,493 shares of the company’s stock after selling 176,679 shares during the quarter. Truist Financial Corp’s holdings in iShares MBS ETF were worth $339,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Alpha Financial Partners LLC bought a new position in iShares MBS ETF in the third quarter valued at approximately $2,960,000. Exchange Traded Concepts LLC acquired a new stake in shares of iShares MBS ETF during the third quarter worth $519,000. Trust Point Inc. acquired a new stake in shares of iShares MBS ETF during the third quarter worth $223,000. First Citizens Bank & Trust Co. lifted its position in iShares MBS ETF by 19.5% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 8,765 shares of the company’s stock valued at $840,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in iShares MBS ETF by 9.1% in the 3rd quarter. Raymond James & Associates now owns 688,947 shares of the company’s stock worth $66,008,000 after purchasing an additional 57,634 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Trading Up 0.4 %

MBB stock opened at $92.43 on Monday. The stock has a 50-day moving average price of $91.84 and a two-hundred day moving average price of $93.50. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76.

iShares MBS ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.3414 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares MBS ETF’s previous dividend of $0.29.

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).