158,886 Shares of iShares GNMA Bond ETF $GNMA Purchased by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC bought a new position in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 158,886 shares of the company’s stock, valued at approximately $6,651,000. iShares GNMA Bond ETF makes up approximately 1.0% of Beverly Hills Private Wealth LLC’s investment portfolio, making the stock its 21st largest position. Beverly Hills Private Wealth LLC owned about 1.58% of iShares GNMA Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Prosperity Planning Inc. purchased a new position in iShares GNMA Bond ETF in the 3rd quarter valued at about $15,342,000. Farmers & Merchants Investments Inc. boosted its holdings in iShares GNMA Bond ETF by 2.6% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 338,961 shares of the company’s stock worth $14,189,000 after buying an additional 8,717 shares during the last quarter. McGuire Investment Group LLC acquired a new stake in iShares GNMA Bond ETF in the 3rd quarter worth about $8,650,000. First Heartland Consultants Inc. purchased a new stake in iShares GNMA Bond ETF during the 3rd quarter worth approximately $6,375,000. Finally, Sanctuary Advisors LLC increased its stake in iShares GNMA Bond ETF by 11.0% during the 1st quarter. Sanctuary Advisors LLC now owns 134,515 shares of the company’s stock worth $5,963,000 after buying an additional 13,350 shares in the last quarter.

iShares GNMA Bond ETF Price Performance

Shares of iShares GNMA Bond ETF stock opened at $43.01 on Monday. The business has a 50 day simple moving average of $42.51 and a two-hundred day simple moving average of $43.81. iShares GNMA Bond ETF has a 12 month low of $41.31 and a 12 month high of $45.49.

iShares GNMA Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a $0.1625 dividend. This is a drop from iShares GNMA Bond ETF’s previous monthly dividend of $0.1662. This represents a $1.95 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, November 2nd.

About iShares GNMA Bond ETF

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.