Nwam LLC Invests $533,000 in iShares GNMA Bond ETF $GNMA

Nwam LLC bought a new position in iShares GNMA Bond ETF (NASDAQ:GNMA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,046 shares of the company’s stock, valued at approximately $533,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Focus Partners Wealth boosted its holdings in iShares GNMA Bond ETF by 3,914.7% during the fourth quarter. Focus Partners Wealth now owns 828,042 shares of the company’s stock worth $36,881,000 after buying an additional 807,417 shares in the last quarter. LPL Financial LLC lifted its position 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 valued at $17,425,000 after acquiring an additional 193,767 shares during the last quarter. Portland Global Advisors LLC boosted its stake in shares of iShares GNMA Bond ETF by 3.1% during the 4th quarter. Portland Global Advisors LLC now owns 380,968 shares of the company’s stock worth $16,968,000 after acquiring an additional 11,556 shares in the last quarter. Prosperity Planning Inc. boosted its stake in shares of iShares GNMA Bond ETF by 10.4% during the 2nd quarter. Prosperity Planning Inc. now owns 340,879 shares of the company’s stock worth $15,077,000 after acquiring an additional 32,240 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of 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 acquiring an additional 33,004 shares during the last quarter.

iShares GNMA Bond ETF Stock Up 0.3%

Shares of iShares GNMA Bond ETF stock opened at $43.34 on Friday. iShares GNMA Bond ETF has a 12-month low of $43.07 and a 12-month high of $45.49. The stock’s fifty day moving average is $43.71 and its 200-day moving average is $44.15.

iShares GNMA Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.1582 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, September 1st.

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.