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

Nwam LLC purchased a new stake in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,046 shares of the company’s stock, valued at approximately $533,000. Nwam LLC owned 0.12% of iShares GNMA Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Advisory Services Network LLC bought a new position in iShares GNMA Bond ETF in the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its position in shares of iShares GNMA Bond ETF by 74.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock worth $35,000 after buying an additional 341 shares in the last quarter. Robinswood Financial LLC acquired a new stake in shares of iShares GNMA Bond ETF in the 1st quarter worth approximately $60,000. Creative Financial Designs Inc. ADV lifted its stake in shares of iShares GNMA Bond ETF by 83.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,142 shares of the company’s stock worth $95,000 after acquiring an additional 973 shares during the period. Finally, Ausdal Financial Partners Inc. bought a new position in shares of iShares GNMA Bond ETF in the fourth quarter valued at approximately $211,000.

iShares GNMA Bond ETF Trading Up 0.3%

NASDAQ GNMA 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 company’s 50 day simple moving average is $43.71 and its 200 day simple moving average is $44.15.

iShares GNMA Bond ETF Cuts Dividend

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

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.