Prosperity Planning Inc. Buys 19,297 Shares of iShares GNMA Bond ETF $GNMA

Prosperity Planning Inc. raised its stake in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 286,406 shares of the company’s stock after acquiring an additional 19,297 shares during the period. iShares GNMA Bond ETF makes up 3.3% of Prosperity Planning Inc.’s investment portfolio, making the stock its 8th biggest holding. Prosperity Planning Inc. owned 3.16% of iShares GNMA Bond ETF worth $12,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in shares of iShares GNMA Bond ETF in the 2nd quarter valued at approximately $303,000. Advisors Asset Management Inc. raised its stake in shares of iShares GNMA Bond ETF by 4.7% during the second quarter. Advisors Asset Management Inc. now owns 18,670 shares of the company’s stock worth $821,000 after purchasing an additional 842 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of iShares GNMA Bond ETF during the second quarter worth $43,000. Betterment LLC lifted its holdings in shares of iShares GNMA Bond ETF by 8.7% during the second quarter. Betterment LLC now owns 7,687 shares of the company’s stock worth $338,000 after purchasing an additional 615 shares during the period. Finally, Raymond James Financial Inc. grew its position in iShares GNMA Bond ETF by 56.3% in the 2nd quarter. Raymond James Financial Inc. now owns 60,995 shares of the company’s stock valued at $2,681,000 after buying an additional 21,977 shares during the last quarter.

iShares GNMA Bond ETF Price Performance

Shares of GNMA opened at $44.06 on Friday. iShares GNMA Bond ETF has a 1 year low of $42.55 and a 1 year high of $45.49. The company’s fifty day moving average is $44.70 and its two-hundred day moving average is $44.61.

iShares GNMA Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.152 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.