366,502 Shares in iShares GNMA Bond ETF $GNMA Acquired by Prosperity Planning Inc.

Prosperity Planning Inc. bought a new stake in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 366,502 shares of the company’s stock, valued at approximately $15,342,000. iShares GNMA Bond ETF makes up approximately 3.4% of Prosperity Planning Inc.’s investment portfolio, making the stock its 8th largest position.

A number of other institutional investors have also bought and sold shares of GNMA. First Heartland Consultants Inc. bought a new position in iShares GNMA Bond ETF in the 3rd quarter worth approximately $6,375,000. Farther Finance Advisors LLC bought a new position in shares of iShares GNMA Bond ETF during the third quarter worth $27,000. Whitcomb & Hess Inc. purchased a new position in iShares GNMA Bond ETF during the third quarter valued at $758,000. Investors Research Corp bought a new stake in iShares GNMA Bond ETF in the 3rd quarter valued at $191,000. Finally, Eastern Bank purchased a new stake in iShares GNMA Bond ETF in the 3rd quarter worth $55,000.

iShares GNMA Bond ETF Price Performance

GNMA opened at $41.65 on Friday. The firm has a 50-day simple moving average of $42.98 and a two-hundred day simple moving average of $43.73. iShares GNMA Bond ETF has a 52 week low of $41.31 and a 52 week high of $45.49.

iShares GNMA Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.1662 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.1582. This represents a $1.99 dividend on an annualized basis and a yield of 4.8%.

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.