iShares GNMA Bond ETF (NASDAQ:GNMA) Shares Up 0.2% – What’s Next?

iShares GNMA Bond ETF (NASDAQ:GNMAGet Free Report) rose 0.2% on Monday . The stock traded as high as $44.70 and last traded at $44.48. Approximately 25,922 shares changed hands during trading, a decline of 24% from the average session volume of 33,953 shares. The stock had previously closed at $44.41.

iShares GNMA Bond ETF Stock Performance

The firm has a 50 day moving average of $44.20 and a two-hundred day moving average of $44.46.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.1536 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Investors Weigh In On iShares GNMA Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Guidance Capital Inc. acquired a new position in shares of iShares GNMA Bond ETF during the fourth quarter valued at about $736,000. Portland Global Advisors LLC grew its position in iShares GNMA Bond ETF by 3.1% during the fourth quarter. Portland Global Advisors LLC now owns 380,968 shares of the company’s stock worth $16,968,000 after buying an additional 11,556 shares in the last quarter. Prosperity Planning Inc. increased its stake in iShares GNMA Bond ETF by 7.2% during the fourth quarter. Prosperity Planning Inc. now owns 286,406 shares of the company’s stock valued at $12,757,000 after acquiring an additional 19,297 shares during the period. Farmers & Merchants Investments Inc. increased its stake in iShares GNMA Bond ETF by 12.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 299,939 shares of the company’s stock valued at $13,359,000 after acquiring an additional 33,004 shares during the period. Finally, McGuire Investment Group LLC raised its holdings in iShares GNMA Bond ETF by 11.5% in the 4th quarter. McGuire Investment Group LLC now owns 174,950 shares of the company’s stock valued at $7,792,000 after acquiring an additional 18,007 shares in the last quarter.

About iShares GNMA Bond ETF

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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.

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