TIAA Trust National Association Buys 646,390 Shares of iShares MBS ETF $MBB

TIAA Trust National Association grew its stake in iShares MBS ETF (NASDAQ:MBB) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,010,786 shares of the company’s stock after purchasing an additional 646,390 shares during the quarter. iShares MBS ETF makes up 5.9% of TIAA Trust National Association’s holdings, making the stock its 2nd biggest position. TIAA Trust National Association owned about 0.06% of iShares MBS ETF worth $2,479,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. ESL Trust Services LLC acquired a new stake in shares of iShares MBS ETF in the fourth quarter valued at about $28,000. Nemes Rush Group LLC raised its stake in iShares MBS ETF by 132.9% in the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after purchasing an additional 206 shares during the last quarter. Aventura Private Wealth LLC acquired a new position in iShares MBS ETF in the 4th quarter valued at $35,000. Wealth Watch Advisors INC acquired a new position in iShares MBS ETF in the 3rd quarter valued at $35,000. Finally, Key Financial Inc raised its stake in iShares MBS ETF by 96.9% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.0%

iShares MBS ETF stock opened at $93.70 on Tuesday. The company has a fifty day simple moving average of $94.60 and a 200-day simple moving average of $95.19. iShares MBS ETF has a 52-week low of $91.78 and a 52-week high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.3334 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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).