Legacy Wealth Managment LLC ID Takes $32,000 Position in iShares GNMA Bond ETF $GNMA

Legacy Wealth Managment LLC ID bought a new stake in iShares GNMA Bond ETF (NASDAQ:GNMA) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 737 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GNMA. Ameriprise Financial Inc. boosted its stake in shares of iShares GNMA Bond ETF by 12.6% in the 4th quarter. Ameriprise Financial Inc. now owns 47,559 shares of the company’s stock valued at $2,042,000 after purchasing an additional 5,338 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of iShares GNMA Bond ETF in the 4th quarter valued at $404,000. Focus Partners Wealth acquired a new stake in shares of iShares GNMA Bond ETF in the 4th quarter valued at $443,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of iShares GNMA Bond ETF in the 4th quarter valued at $2,283,000. Finally, Myecfo LLC boosted its stake in shares of iShares GNMA Bond ETF by 7.9% in the 1st quarter. Myecfo LLC now owns 55,001 shares of the company’s stock valued at $2,415,000 after purchasing an additional 4,041 shares in the last quarter.

iShares GNMA Bond ETF Stock Performance

Shares of NASDAQ:GNMA opened at $44.37 on Friday. iShares GNMA Bond ETF has a 52 week low of $42.00 and a 52 week high of $45.26. The company’s fifty day moving average is $43.73 and its 200-day moving average is $43.57.

iShares GNMA Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, September 2nd were given a dividend of $0.1599 per share. The ex-dividend date was Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 4.3%.

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.