iShares GNMA Bond ETF (NASDAQ:GNMA) Shares Up 0.3% – What’s Next?

iShares GNMA Bond ETF (NASDAQ:GNMA) shares shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $44.82 and last traded at $44.79. 12,709 shares traded hands during trading, a decline of 70% from the average session volume of 42,230 shares. The stock had previously closed at $44.64.

iShares GNMA Bond ETF Price Performance

The firm has a 50-day moving average of $44.57 and a 200 day moving average of $44.42.

iShares GNMA Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares GNMA Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Focus Financial Network Inc. raised its stake in shares of iShares GNMA Bond ETF by 0.7% in the fourth quarter. Focus Financial Network Inc. now owns 41,609 shares of the company’s stock valued at $1,853,000 after acquiring an additional 309 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in iShares GNMA Bond ETF by 25.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,531 shares of the company’s stock valued at $68,000 after purchasing an additional 312 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in iShares GNMA Bond ETF by 4.5% during the 3rd quarter. Perigon Wealth Management LLC now owns 8,606 shares of the company’s stock valued at $382,000 after purchasing an additional 367 shares in the last quarter. Park Avenue Securities LLC raised its position in iShares GNMA Bond ETF by 1.1% in the 4th quarter. Park Avenue Securities LLC now owns 35,060 shares of the company’s stock valued at $1,562,000 after purchasing an additional 373 shares during the last quarter. Finally, Mariner LLC boosted its stake in iShares GNMA Bond ETF by 4.6% in the third quarter. Mariner LLC now owns 10,183 shares of the company’s stock worth $452,000 after purchasing an additional 447 shares in the last quarter.

iShares GNMA Bond ETF Company 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.