Family Asset Management LLC Sells 9,259 Shares of iShares GNMA Bond ETF (NASDAQ:GNMA)

Family Asset Management LLC cut its position in iShares GNMA Bond ETF (NASDAQ:GNMA) by 37.5% during the fourth quarter, Holdings Channel reports. The firm owned 15,425 shares of the company’s stock after selling 9,259 shares during the period. Family Asset Management LLC’s holdings in iShares GNMA Bond ETF were worth $683,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 3EDGE Asset Management LP purchased a new stake in iShares GNMA Bond ETF in the fourth quarter valued at $50,977,000. Northland Capital Management LLC acquired a new stake in iShares GNMA Bond ETF during the fourth quarter worth about $18,077,000. Prosperity Planning Inc. raised its position in iShares GNMA Bond ETF by 10.3% during the fourth quarter. Prosperity Planning Inc. now owns 173,624 shares of the company’s stock valued at $7,683,000 after acquiring an additional 16,232 shares in the last quarter. FFG Retirement Advisors LLC acquired a new position in iShares GNMA Bond ETF in the fourth quarter valued at approximately $6,748,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in iShares GNMA Bond ETF by 270.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 149,606 shares of the company’s stock worth $6,251,000 after purchasing an additional 109,248 shares in the last quarter.

iShares GNMA Bond ETF Price Performance

Shares of NASDAQ:GNMA traded up $0.01 during trading on Monday, hitting $42.67. 16,446 shares of the stock traded hands, compared to its average volume of 63,360. The company has a fifty day moving average price of $42.86 and a two-hundred day moving average price of $42.97. iShares GNMA Bond ETF has a 52-week low of $40.33 and a 52-week high of $44.66.

iShares GNMA Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be issued a $0.1421 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.70 dividend on an annualized basis and a yield of 4.00%.

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.