iShares GNMA Bond ETF (NASDAQ:GNMA) Shares Up 0.3% – Should You Buy?

iShares GNMA Bond ETF (NASDAQ:GNMA) were up 0.3% during mid-day trading on Tuesday . The stock traded as high as $44.82 and last traded at $44.79. 12,709 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 42,230 shares. The stock had previously closed at $44.64.

iShares GNMA Bond ETF Stock Performance

The stock’s 50 day moving average is $44.57 and its two-hundred day moving average is $44.42.

iShares GNMA Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.157 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Investors Weigh In On iShares GNMA Bond ETF

A number of institutional investors have recently made changes to their positions in GNMA. Stratos Wealth Partners LTD. bought a new stake in iShares GNMA Bond ETF in the second quarter valued at about $8,921,000. Procyon Advisors LLC acquired a new position in shares of iShares GNMA Bond ETF during the 3rd quarter worth about $2,259,000. Envestnet Asset Management Inc. increased its stake in shares of iShares GNMA Bond ETF by 66.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 88,073 shares of the company’s stock valued at $3,871,000 after acquiring an additional 35,158 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of iShares GNMA Bond ETF by 12.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 299,939 shares of the company’s stock valued at $13,359,000 after acquiring an additional 33,004 shares during the period. Finally, Chapman Financial Group LLC bought a new position in iShares GNMA Bond ETF during the 2nd quarter worth approximately $1,129,000.

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.