DMC Group LLC acquired a new position in iShares GNMA Bond ETF (NASDAQ:GNMA – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 17,426 shares of the company’s stock, valued at approximately $729,000.
Several other hedge funds have also recently bought and sold shares of GNMA. Nwam LLC acquired a new stake in shares of iShares GNMA Bond ETF in the second quarter worth about $533,000. First Heartland Consultants Inc. bought a new position in shares of iShares GNMA Bond ETF in the 3rd quarter valued at approximately $6,375,000. Bank of America Corp DE raised its stake in shares of iShares GNMA Bond ETF by 152.1% in the 1st quarter. Bank of America Corp DE now owns 99,069 shares of the company’s stock valued at $4,392,000 after acquiring an additional 59,773 shares in the last quarter. Focus Financial Network Inc. acquired a new stake in iShares GNMA Bond ETF in the 3rd quarter worth approximately $844,000. Finally, Whitcomb & Hess Inc. acquired a new stake in iShares GNMA Bond ETF in the 3rd quarter worth approximately $758,000.
iShares GNMA Bond ETF Stock Up 0.0%
Shares of iShares GNMA Bond ETF stock opened at $42.65 on Wednesday. The stock has a 50 day moving average price of $42.65 and a two-hundred day moving average price of $43.88. iShares GNMA Bond ETF has a 12-month low of $41.31 and a 12-month high of $45.49.
iShares GNMA Bond ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.1662 dividend. This represents a $1.99 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Thursday, October 1st. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.1582.
iShares GNMA Bond ETF Company 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.
Further Reading
- Five stocks we like better than iShares GNMA Bond ETF
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Want to see what other hedge funds are holding GNMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares GNMA Bond ETF (NASDAQ:GNMA – Free Report).
Receive News & Ratings for iShares GNMA Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares GNMA Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
