PNC Financial Services Group Inc. Has $273.85 Million Stock Position in iShares MBS ETF $MBB

PNC Financial Services Group Inc. cut its position in iShares MBS ETF (NASDAQ:MBB) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,916,723 shares of the company’s stock after selling 22,803 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MBS ETF were worth $273,851,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Alliance LLC boosted its position in shares of iShares MBS ETF by 5.1% in the second quarter. Wealth Alliance LLC now owns 54,315 shares of the company’s stock valued at $5,100,000 after acquiring an additional 2,657 shares during the period. Ironwood Investment Counsel LLC acquired a new stake in iShares MBS ETF during the second quarter worth about $206,000. Verus Capital Partners LLC raised its holdings in iShares MBS ETF by 20.0% in the 2nd quarter. Verus Capital Partners LLC now owns 26,935 shares of the company’s stock valued at $2,529,000 after acquiring an additional 4,491 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of iShares MBS ETF by 29.6% during the second quarter. CENTRAL TRUST Co now owns 726 shares of the company’s stock valued at $68,000 after purchasing an additional 166 shares during the period. Finally, Nwam LLC raised its stake in shares of iShares MBS ETF by 20.8% in the second quarter. Nwam LLC now owns 9,138 shares of the company’s stock valued at $851,000 after purchasing an additional 1,574 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $95.65 on Wednesday. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.25. The company’s fifty day moving average price is $95.35 and its two-hundred day moving average price is $93.83.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were given a $0.342 dividend. This represents a c) annualized dividend and a yield of 4.3%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend was Monday, November 3rd.

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).