iShares GNMA Bond ETF (NASDAQ:GNMA) Trading Down 0.1%

Shares of iShares GNMA Bond ETF (NASDAQ:GNMA) dropped 0.1% on Monday . The company traded as low as $50.91 and last traded at $50.95. Approximately 70,730 shares were traded during trading, an increase of 31% from the average daily volume of 53,822 shares. The stock had previously closed at $50.98.

The business’s 50 day moving average is $50.97 and its 200-day moving average is $50.94.

A number of hedge funds have recently made changes to their positions in GNMA. Advisor Group Holdings Inc. increased its position in iShares GNMA Bond ETF by 4.8% in the second quarter. Advisor Group Holdings Inc. now owns 47,343 shares of the company’s stock worth $2,432,000 after buying an additional 2,158 shares during the period. Private Advisor Group LLC increased its stake in shares of iShares GNMA Bond ETF by 7.8% in the second quarter. Private Advisor Group LLC now owns 4,779 shares of the company’s stock valued at $246,000 after purchasing an additional 345 shares during the period. Prospera Financial Services Inc bought a new stake in shares of iShares GNMA Bond ETF during the third quarter valued at approximately $898,000. Bank of America Corp DE boosted its position in shares of iShares GNMA Bond ETF by 101.0% during the second quarter. Bank of America Corp DE now owns 518,165 shares of the company’s stock worth $26,621,000 after buying an additional 260,355 shares during the period. Finally, Stifel Financial Corp bought a new position in iShares GNMA Bond ETF in the 2nd quarter worth approximately $240,000.

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