iShares GNMA Bond ETF $GNMA Stake Lowered by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in iShares GNMA Bond ETF (NASDAQ:GNMA) by 22.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,022 shares of the company’s stock after selling 13,704 shares during the period. HighTower Advisors LLC’s holdings in iShares GNMA Bond ETF were worth $2,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Croban boosted its holdings in shares of iShares GNMA Bond ETF by 46.5% during the third quarter. Croban now owns 56,810 shares of the company’s stock valued at $2,519,000 after acquiring an additional 18,022 shares during the period. Farmers & Merchants Investments Inc. lifted its position in iShares GNMA Bond ETF by 6.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 266,935 shares of the company’s stock valued at $11,839,000 after purchasing an additional 15,287 shares during the last quarter. Global Retirement Partners LLC acquired a new position in iShares GNMA Bond ETF during the 2nd quarter valued at about $303,000. Envestnet Asset Management Inc. grew its position in iShares GNMA Bond ETF by 66.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 88,073 shares of the company’s stock worth $3,871,000 after purchasing an additional 35,158 shares during the last quarter. Finally, McGuire Investment Group LLC grew its position in iShares GNMA Bond ETF by 9.6% in the 3rd quarter. McGuire Investment Group LLC now owns 156,943 shares of the company’s stock worth $6,960,000 after purchasing an additional 13,720 shares during the last quarter.

iShares GNMA Bond ETF Stock Up 0.3%

GNMA opened at $45.27 on Friday. The business’s 50 day moving average is $44.72 and its 200-day moving average is $44.53. iShares GNMA Bond ETF has a twelve month low of $42.55 and a twelve month high of $45.49.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.157 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, February 2nd.

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.