iShares GNMA Bond ETF (NASDAQ:GNMA) Stock Pass Above 200 Day Moving Average – Should You Sell?

iShares GNMA Bond ETF (NASDAQ:GNMA)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.82 and traded as high as $43.82. iShares GNMA Bond ETF shares last traded at $43.79, with a volume of 17,576 shares.

iShares GNMA Bond ETF Stock Performance

The stock has a 50 day simple moving average of $43.79 and a 200 day simple moving average of $43.82.

iShares GNMA Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, December 2nd were given a $0.1396 dividend. The ex-dividend date of this dividend was Monday, December 2nd.

Institutional Investors Weigh In On iShares GNMA Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of GNMA. Sanctuary Advisors LLC acquired a new position in shares of iShares GNMA Bond ETF in the 2nd quarter valued at approximately $5,161,000. Eastern Bank acquired a new position in iShares GNMA Bond ETF during the third quarter valued at approximately $4,208,000. Farmers & Merchants Investments Inc. lifted its stake in iShares GNMA Bond ETF by 31.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 159,827 shares of the company’s stock worth $6,884,000 after purchasing an additional 38,068 shares during the last quarter. Wooster Corthell Wealth Management Inc. boosted its holdings in shares of iShares GNMA Bond ETF by 164.2% in the 3rd quarter. Wooster Corthell Wealth Management Inc. now owns 60,972 shares of the company’s stock valued at $2,731,000 after purchasing an additional 37,895 shares in the last quarter. Finally, Horst & Graben Wealth Management LLC increased its stake in shares of iShares GNMA Bond ETF by 69.4% in the 2nd quarter. Horst & Graben Wealth Management LLC now owns 58,744 shares of the company’s stock valued at $2,530,000 after purchasing an additional 24,074 shares during the last quarter.

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.