PNC Financial Services Group Inc. Buys 106,144 Shares of iShares MBS ETF $MBB

PNC Financial Services Group Inc. raised its position in shares of iShares MBS ETF (NASDAQ:MBB) by 3.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,106,470 shares of the company’s stock after purchasing an additional 106,144 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MBS ETF were worth $294,959,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of iShares MBS ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares during the period. TIAA Trust National Association increased its position in shares of iShares MBS ETF by 2.5% during the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after buying an additional 646,390 shares during the period. Morgan Stanley increased its position in shares of iShares MBS ETF by 4.1% during the fourth quarter. Morgan Stanley now owns 9,852,362 shares of the company’s stock worth $938,142,000 after buying an additional 383,629 shares during the period. Truist Financial Corp raised its stake in iShares MBS ETF by 8.7% during the fourth quarter. Truist Financial Corp now owns 3,937,384 shares of the company’s stock worth $374,918,000 after buying an additional 316,717 shares during the last quarter. Finally, Renaissancere Holdings Ltd. raised its stake in iShares MBS ETF by 34.9% during the third quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock worth $366,559,000 after buying an additional 997,000 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $93.41 on Wednesday. iShares MBS ETF has a 12-month low of $92.43 and a 12-month high of $96.96. The company’s fifty day simple moving average is $94.12 and its 200 day simple moving average is $94.93.

iShares MBS ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a $0.3373 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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).