Park Avenue Securities LLC bought a new position in shares of iShares GNMA Bond ETF (NASDAQ:GNMA – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,754 shares of the company’s stock, valued at approximately $952,000. Park Avenue Securities LLC owned about 0.23% of iShares GNMA Bond ETF as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in shares of iShares GNMA Bond ETF in the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC grew its position in shares of iShares GNMA Bond ETF by 74.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock worth $35,000 after buying an additional 341 shares during the period. IFP Advisors Inc bought a new stake in shares of iShares GNMA Bond ETF during the third quarter worth approximately $46,000. Eastern Bank acquired a new position in iShares GNMA Bond ETF in the third quarter valued at approximately $55,000. Finally, Robinswood Financial LLC acquired a new position in iShares GNMA Bond ETF in the first quarter valued at approximately $60,000.
iShares GNMA Bond ETF Stock Down 0.1%
GNMA opened at $42.72 on Wednesday. The company has a fifty day moving average price of $42.56 and a two-hundred day moving average price of $43.83. iShares GNMA Bond ETF has a 52 week low of $41.31 and a 52 week high of $45.49.
iShares GNMA Bond ETF Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be given a $0.1625 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.95 dividend on an annualized basis and a dividend yield of 4.6%. This is a negative change from iShares GNMA Bond ETF’s previous monthly dividend of $0.1662.
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.
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