McGuire Investment Group LLC Acquires New Shares in iShares GNMA Bond ETF $GNMA

McGuire Investment Group LLC acquired a new position in iShares GNMA Bond ETF (NASDAQ:GNMA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 206,640 shares of the company’s stock, valued at approximately $8,650,000.

A number of other hedge funds have also made changes to their positions in the business. Prosperity Planning Inc. acquired a new position in shares of iShares GNMA Bond ETF during the 3rd quarter valued at $15,342,000. Farmers & Merchants Investments Inc. boosted its position in iShares GNMA Bond ETF by 2.6% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 338,961 shares of the company’s stock worth $14,189,000 after purchasing an additional 8,717 shares during the period. First Heartland Consultants Inc. acquired a new stake in iShares GNMA Bond ETF in the 3rd quarter valued at $6,375,000. Sanctuary Advisors LLC increased its holdings in iShares GNMA Bond ETF by 11.0% in the 1st quarter. Sanctuary Advisors LLC now owns 134,515 shares of the company’s stock valued at $5,963,000 after purchasing an additional 13,350 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in iShares GNMA Bond ETF by 152.1% in 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 in the last quarter.

iShares GNMA Bond ETF Price Performance

NASDAQ:GNMA opened at $42.52 on Friday. The business’s 50-day moving average is $42.68 and its two-hundred day moving average is $43.57. iShares GNMA Bond ETF has a 12 month low of $41.31 and a 12 month high of $45.49.

iShares GNMA Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.1662 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.1582. This represents a $1.99 annualized dividend and a dividend yield of 4.7%.

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.