iShares GNMA Bond ETF (NASDAQ:GNMA) Trading Up 0.2% – Time to Buy?

Shares of iShares GNMA Bond ETF (NASDAQ:GNMA) rose 0.2% on Monday . The stock traded as high as $44.70 and last traded at $44.48. Approximately 25,922 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 33,953 shares. The stock had previously closed at $44.41.

iShares GNMA Bond ETF Stock Performance

The company has a fifty day moving average price of $44.20 and a 200-day moving average price of $44.46.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.1536 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Trading of iShares GNMA Bond ETF

Several large investors have recently added to or reduced their stakes in GNMA. Focus Partners Wealth increased its stake in shares of iShares GNMA Bond ETF by 3,914.7% during the 4th quarter. Focus Partners Wealth now owns 828,042 shares of the company’s stock worth $36,881,000 after purchasing an additional 807,417 shares during the last quarter. Northland Capital Management LLC boosted its holdings in iShares GNMA Bond ETF by 1.0% in the fourth quarter. Northland Capital Management LLC now owns 678,983 shares of the company’s stock worth $30,242,000 after purchasing an additional 6,804 shares in the last quarter. LPL Financial LLC raised its holdings in iShares GNMA Bond ETF by 98.1% during the fourth quarter. LPL Financial LLC now owns 391,218 shares of the company’s stock valued at $17,425,000 after buying an additional 193,767 shares in the last quarter. Portland Global Advisors LLC lifted its position in shares of iShares GNMA Bond ETF by 3.1% in the fourth quarter. Portland Global Advisors LLC now owns 380,968 shares of the company’s stock worth $16,968,000 after buying an additional 11,556 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of iShares GNMA Bond ETF by 12.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 299,939 shares of the company’s stock worth $13,359,000 after buying an additional 33,004 shares during the last quarter.

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.