iShares GNMA Bond ETF (NASDAQ:GNMA) Stock Position Cut by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC trimmed its stake in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 25,328 shares of the company’s stock after selling 621 shares during the period. CFS Investment Advisory Services LLC’s holdings in iShares GNMA Bond ETF were worth $1,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNMA. Advisors Asset Management Inc. raised its stake in shares of iShares GNMA Bond ETF by 54.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,481 shares of the company’s stock worth $514,000 after buying an additional 4,040 shares in the last quarter. Focus Financial Network Inc. grew its holdings in iShares GNMA Bond ETF by 48.7% during the third quarter. Focus Financial Network Inc. now owns 36,065 shares of the company’s stock worth $1,615,000 after acquiring an additional 11,816 shares during the period. Farmers & Merchants Investments Inc. raised its position in iShares GNMA Bond ETF by 14.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 183,335 shares of the company’s stock worth $8,212,000 after acquiring an additional 23,508 shares in the last quarter. FFG Retirement Advisors LLC lifted its holdings in iShares GNMA Bond ETF by 12.4% in the 3rd quarter. FFG Retirement Advisors LLC now owns 16,972 shares of the company’s stock valued at $760,000 after acquiring an additional 1,870 shares during the last quarter. Finally, Eastern Bank acquired a new stake in iShares GNMA Bond ETF in the 3rd quarter valued at about $4,208,000.

iShares GNMA Bond ETF Stock Up 0.1 %

Shares of GNMA opened at $43.36 on Friday. The firm’s 50 day moving average is $44.04 and its 200-day moving average is $43.76. iShares GNMA Bond ETF has a 12-month low of $41.91 and a 12-month high of $45.69.

iShares GNMA Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1468 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.76 annualized dividend and a dividend yield of 4.06%.

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.