Wallace Advisory Group LLC Invests $905,000 in iShares GNMA Bond ETF (NASDAQ:GNMA)

Wallace Advisory Group LLC acquired a new position in iShares GNMA Bond ETF (NASDAQ:GNMAFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 20,463 shares of the company’s stock, valued at approximately $905,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. 3EDGE Asset Management LP bought a new stake in shares of iShares GNMA Bond ETF in the 4th quarter worth $50,977,000. Fort Pitt Capital Group LLC grew its holdings in shares of iShares GNMA Bond ETF by 9.0% in the 1st quarter. Fort Pitt Capital Group LLC now owns 791,646 shares of the company’s stock worth $34,350,000 after acquiring an additional 65,125 shares during the last quarter. Northland Capital Management LLC acquired a new position in shares of iShares GNMA Bond ETF in the 4th quarter worth $18,077,000. Prosperity Planning Inc. grew its holdings in shares of iShares GNMA Bond ETF by 10.3% in the 4th quarter. Prosperity Planning Inc. now owns 173,624 shares of the company’s stock worth $7,683,000 after acquiring an additional 16,232 shares during the last quarter. Finally, FFG Retirement Advisors LLC acquired a new position in shares of iShares GNMA Bond ETF in the 4th quarter worth $6,748,000.

iShares GNMA Bond ETF Stock Performance

Shares of GNMA stock traded down $0.04 on Tuesday, reaching $43.37. 18,763 shares of the company’s stock traded hands, compared to its average volume of 51,063. iShares GNMA Bond ETF has a 12-month low of $40.33 and a 12-month high of $44.41. The business’s 50 day moving average price is $42.79 and its two-hundred day moving average price is $43.22.

iShares GNMA Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a $0.1493 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.79 dividend on an annualized basis and a dividend yield of 4.13%.

iShares GNMA Bond ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares GNMA Bond ETF (NASDAQ:GNMA)

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