MAI Capital Management Decreases Position in iShares GNMA Bond ETF $GNMA

MAI Capital Management reduced its stake in iShares GNMA Bond ETF (NASDAQ:GNMA) by 40.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,185 shares of the company’s stock after selling 1,467 shares during the period. MAI Capital Management’s holdings in iShares GNMA Bond ETF were worth $96,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID purchased a new stake in shares of iShares GNMA Bond ETF during the 1st quarter worth approximately $32,000. Hills Bank & Trust Co purchased a new position in shares of iShares GNMA Bond ETF in the 2nd quarter valued at $101,000. Level Financial Advisors raised its stake in iShares GNMA Bond ETF by 5.3% during the 2nd quarter. Level Financial Advisors now owns 5,893 shares of the company’s stock worth $259,000 after acquiring an additional 296 shares in the last quarter. WealthPlan Investment Management LLC purchased a new stake in iShares GNMA Bond ETF in the second quarter valued at $259,000. Finally, Shared Vision Wealth Group LLC lifted its position in iShares GNMA Bond ETF by 20.5% in the second quarter. Shared Vision Wealth Group LLC now owns 6,036 shares of the company’s stock valued at $263,000 after acquiring an additional 1,026 shares during the last quarter.

iShares GNMA Bond ETF Stock Performance

NASDAQ GNMA opened at $44.77 on Friday. The company has a fifty day moving average of $44.57 and a two-hundred day moving average of $43.98. iShares GNMA Bond ETF has a 1 year low of $42.00 and a 1 year high of $45.34.

iShares GNMA Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were given a $0.1529 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

iShares GNMA Bond ETF 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.