Northland Capital Management LLC Boosts Stake in iShares GNMA Bond ETF (NASDAQ:GNMA)

Northland Capital Management LLC grew its position in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 61.8% in the first quarter, Holdings Channel reports. The firm owned 731,618 shares of the company’s stock after purchasing an additional 279,540 shares during the period. iShares GNMA Bond ETF comprises approximately 21.7% of Northland Capital Management LLC’s holdings, making the stock its biggest position. Northland Capital Management LLC owned 0.09% of iShares GNMA Bond ETF worth $32,118,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC purchased a new position in shares of iShares GNMA Bond ETF during the fourth quarter worth about $33,388,000. Portland Global Advisors LLC grew its stake in iShares GNMA Bond ETF by 154.9% in the 4th quarter. Portland Global Advisors LLC now owns 364,378 shares of the company’s stock worth $15,643,000 after buying an additional 221,405 shares in the last quarter. Prosperity Planning Inc. increased its holdings in shares of iShares GNMA Bond ETF by 1.1% in the 1st quarter. Prosperity Planning Inc. now owns 243,277 shares of the company’s stock worth $10,680,000 after buying an additional 2,627 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of iShares GNMA Bond ETF by 10.5% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 240,127 shares of the company’s stock valued at $10,542,000 after buying an additional 22,780 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in iShares GNMA Bond ETF by 1.6% in the fourth quarter. OneDigital Investment Advisors LLC now owns 229,265 shares of the company’s stock worth $9,842,000 after acquiring an additional 3,703 shares in the last quarter.

iShares GNMA Bond ETF Price Performance

GNMA opened at $43.68 on Wednesday. The business’s fifty day simple moving average is $43.33 and its 200 day simple moving average is $43.31. iShares GNMA Bond ETF has a 52 week low of $42.00 and a 52 week high of $45.69.

iShares GNMA Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a dividend of $0.1518 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.82 annualized dividend and a dividend yield of 4.17%.

iShares GNMA Bond ETF Profile

The iShares GNMA Bond ETF (GNMA) is an exchange-traded fund that is based on the Bloomberg U.S. GNMA Bond index. The fund tracks a market-value-weighted index of US mortgage pass-through securities issued by Government National Mortgage Association (GNMA), with 30- or 15-year maturities. GNMA was launched on Feb 14, 2012 and is managed by BlackRock.