Pillar Financial Advisors LLC Sells 704 Shares of iShares GNMA Bond ETF (NASDAQ:GNMA)

Pillar Financial Advisors LLC decreased its holdings in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,742 shares of the company’s stock after selling 704 shares during the period. iShares GNMA Bond ETF makes up about 0.4% of Pillar Financial Advisors LLC’s holdings, making the stock its 27th largest holding. Pillar Financial Advisors LLC owned 0.15% of iShares GNMA Bond ETF worth $515,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC bought a new stake in iShares GNMA Bond ETF during the fourth quarter valued at $33,388,000. Portland Global Advisors LLC raised its position in iShares GNMA Bond ETF by 154.9% during the fourth quarter. Portland Global Advisors LLC now owns 364,378 shares of the company’s stock valued at $15,643,000 after purchasing an additional 221,405 shares in the last quarter. Prosperity Planning Inc. raised its position in iShares GNMA Bond ETF by 1.1% during the first quarter. Prosperity Planning Inc. now owns 243,277 shares of the company’s stock valued at $10,680,000 after purchasing an additional 2,627 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in iShares GNMA Bond ETF by 1.6% during the fourth quarter. OneDigital Investment Advisors LLC now owns 229,265 shares of the company’s stock valued at $9,842,000 after purchasing an additional 3,703 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in iShares GNMA Bond ETF by 18.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 217,347 shares of the company’s stock valued at $9,331,000 after purchasing an additional 34,012 shares in the last quarter.

iShares GNMA Bond ETF Stock Performance

NASDAQ GNMA opened at $43.08 on Friday. The stock’s 50-day simple moving average is $43.35 and its two-hundred day simple moving average is $43.33. iShares GNMA Bond ETF has a twelve month low of $42.00 and a twelve month high of $45.69.

iShares GNMA Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a dividend of $0.1518 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.82 dividend on an annualized basis and a yield of 4.23%.

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.