Croban Has $1.71 Million Position in iShares GNMA Bond ETF $GNMA

Croban lifted its stake in iShares GNMA Bond ETF (NASDAQ:GNMA) by 14.3% in the second quarter, HoldingsChannel.com reports. The firm owned 38,788 shares of the company’s stock after purchasing an additional 4,839 shares during the quarter. iShares GNMA Bond ETF comprises 1.5% of Croban’s investment portfolio, making the stock its 24th largest position. Croban’s holdings in iShares GNMA Bond ETF were worth $1,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GNMA. Northland Capital Management LLC increased its holdings in shares of iShares GNMA Bond ETF by 61.8% in the first quarter. Northland Capital Management LLC now owns 731,618 shares of the company’s stock valued at $32,118,000 after purchasing an additional 279,540 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in iShares GNMA Bond ETF by 38,368.4% during the 1st quarter. Jones Financial Companies Lllp now owns 96,171 shares of the company’s stock worth $4,222,000 after acquiring an additional 95,921 shares during the period. Duncan Williams Asset Management LLC acquired a new stake in iShares GNMA Bond ETF during the 2nd quarter worth $2,105,000. Beverly Hills Private Wealth LLC grew its holdings in iShares GNMA Bond ETF by 40.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 98,695 shares of the company’s stock worth $4,333,000 after acquiring an additional 28,609 shares during the period. Finally, Farmers & Merchants Investments Inc. grew its holdings in iShares GNMA Bond ETF by 10.5% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 240,127 shares of the company’s stock worth $10,542,000 after acquiring an additional 22,780 shares during the period.

iShares GNMA Bond ETF Stock Up 0.3%

GNMA opened at $44.45 on Friday. The company has a fifty day moving average price of $44.20 and a two-hundred day moving average price of $43.71. iShares GNMA Bond ETF has a 52 week low of $42.00 and a 52 week high of $45.16.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.1582 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.