iShares GNMA Bond ETF (NASDAQ:GNMA) Shares Up 0.2% – Here’s Why

iShares GNMA Bond ETF (NASDAQ:GNMA) were up 0.2% on Monday . The stock traded as high as $44.70 and last traded at $44.48. Approximately 25,922 shares were traded during trading, a decline of 24% from the average session volume of 33,953 shares. The stock had previously closed at $44.41.

iShares GNMA Bond ETF Stock Down 0.5%

The firm has a 50 day moving average price of $44.19 and a 200-day moving average price of $44.46.

iShares GNMA Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.1536 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Focus Partners Wealth raised its stake in shares of iShares GNMA Bond ETF by 3,914.7% in the fourth quarter. Focus Partners Wealth now owns 828,042 shares of the company’s stock valued at $36,881,000 after acquiring an additional 807,417 shares during the period. LPL Financial LLC boosted its stake in shares of iShares GNMA Bond ETF by 98.1% during the 4th quarter. LPL Financial LLC now owns 391,218 shares of the company’s stock worth $17,425,000 after purchasing an additional 193,767 shares during the period. Avise Financial Cooperative Inc. bought a new position in iShares GNMA Bond ETF during the 4th quarter valued at about $3,862,000. Bank of America Corp DE grew its holdings in iShares GNMA Bond ETF by 152.1% during the 1st quarter. Bank of America Corp DE now owns 99,069 shares of the company’s stock valued at $4,392,000 after purchasing an additional 59,773 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in iShares GNMA Bond ETF by 12.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 299,939 shares of the company’s stock worth $13,359,000 after purchasing an additional 33,004 shares during the period.

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.