Truist Financial Corp Sells 28,169 Shares of iShares MBS ETF $MBB

Truist Financial Corp cut its position in shares of iShares MBS ETF (NASDAQ:MBB) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,620,667 shares of the company’s stock after selling 28,169 shares during the period. Truist Financial Corp’s holdings in iShares MBS ETF were worth $344,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TIAA Trust National Association grew its stake in shares of iShares MBS ETF by 349.3% in the 2nd quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock valued at $2,245,510,000 after purchasing an additional 18,631,536 shares during the period. Bank of America Corp DE boosted its stake in iShares MBS ETF by 2.9% in the second quarter. Bank of America Corp DE now owns 64,329,626 shares of the company’s stock worth $6,039,909,000 after purchasing an additional 1,796,449 shares in the last quarter. Prudential Financial Inc. lifted its position in iShares MBS ETF by 10,569.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,463,719 shares of the company’s stock worth $137,429,000 after buying an additional 1,450,000 shares in the last quarter. Annex Advisory Services LLC bought a new position in shares of iShares MBS ETF in the third quarter worth about $81,869,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in iShares MBS ETF by 82.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,373,804 shares of the company’s stock worth $128,986,000 after purchasing an additional 619,114 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.0%

Shares of MBB opened at $95.74 on Wednesday. iShares MBS ETF has a 12-month low of $90.84 and a 12-month high of $96.25. The stock’s fifty day simple moving average is $95.39 and its 200-day simple moving average is $94.87.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.334 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th.

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).