First Heartland Consultants Inc. Makes New $6.38 Million Investment in iShares GNMA Bond ETF $GNMA

First Heartland Consultants Inc. purchased a new position in iShares GNMA Bond ETF (NASDAQ:GNMA) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 152,288 shares of the company’s stock, valued at approximately $6,375,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new stake in iShares GNMA Bond ETF during the third quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its position in shares of iShares GNMA Bond ETF by 74.9% during the first quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock valued at $35,000 after buying an additional 341 shares during the last quarter. Eastern Bank bought a new stake in shares of iShares GNMA Bond ETF in the 3rd quarter valued at about $55,000. Robinswood Financial LLC purchased a new position in shares of iShares GNMA Bond ETF in the 1st quarter worth approximately $60,000. Finally, Investors Research Corp bought a new position in shares of iShares GNMA Bond ETF during the 3rd quarter worth approximately $191,000.

iShares GNMA Bond ETF Price Performance

NASDAQ:GNMA opened at $41.65 on Friday. iShares GNMA Bond ETF has a 52 week low of $41.31 and a 52 week high of $45.49. The firm has a 50 day moving average of $42.98 and a 200 day moving average of $43.73.

iShares GNMA Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.1662 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.99 annualized dividend and a dividend yield of 4.8%. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.1582.

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.