Prosperity Planning Inc. Raises Position in iShares GNMA Bond ETF $GNMA

Prosperity Planning Inc. increased its stake in iShares GNMA Bond ETF (NASDAQ:GNMA) by 10.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 340,879 shares of the company’s stock after purchasing an additional 32,240 shares during the quarter. iShares GNMA Bond ETF accounts for 3.5% of Prosperity Planning Inc.’s portfolio, making the stock its 8th largest position. Prosperity Planning Inc.’s holdings in iShares GNMA Bond ETF were worth $15,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Betterment LLC lifted its holdings in shares of iShares GNMA Bond ETF by 8.7% during the 2nd quarter. Betterment LLC now owns 7,687 shares of the company’s stock valued at $338,000 after buying an additional 615 shares during the period. Raymond James Financial Inc. boosted its stake in shares of iShares GNMA Bond ETF by 56.3% in the 2nd quarter. Raymond James Financial Inc. now owns 60,995 shares of the company’s stock worth $2,681,000 after buying an additional 21,977 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of iShares GNMA Bond ETF by 79.9% in the second quarter. Great Valley Advisor Group Inc. now owns 40,414 shares of the company’s stock worth $1,776,000 after acquiring an additional 17,953 shares during the period. Chapman Financial Group LLC bought a new stake in shares of iShares GNMA Bond ETF in the second quarter worth $1,129,000. Finally, Private Advisor Group LLC grew its holdings in shares of iShares GNMA Bond ETF by 2.5% in the third quarter. Private Advisor Group LLC now owns 30,885 shares of the company’s stock worth $1,370,000 after acquiring an additional 756 shares during the period.

iShares GNMA Bond ETF Trading Down 0.4%

iShares GNMA Bond ETF stock opened at $43.45 on Tuesday. iShares GNMA Bond ETF has a one year low of $43.19 and a one year high of $45.49. The stock has a fifty day moving average of $43.89 and a 200 day moving average of $44.29.

iShares GNMA Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.1616 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from iShares GNMA Bond ETF’s previous monthly dividend of $0.16.

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.