Focus Partners Wealth Invests $443,000 in iShares GNMA Bond ETF (NASDAQ:GNMA)

Focus Partners Wealth purchased a new position in iShares GNMA Bond ETF (NASDAQ:GNMA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,313 shares of the company’s stock, valued at approximately $443,000. Focus Partners Wealth owned 0.13% of iShares GNMA Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. South Plains Financial Inc. purchased a new stake in shares of iShares GNMA Bond ETF in the fourth quarter worth approximately $30,000. Mather Group LLC. purchased a new stake in shares of iShares GNMA Bond ETF in the fourth quarter worth approximately $37,000. GeoWealth Management LLC raised its holdings in shares of iShares GNMA Bond ETF by 321.3% in the fourth quarter. GeoWealth Management LLC now owns 1,702 shares of the company’s stock worth $73,000 after buying an additional 1,298 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares GNMA Bond ETF in the fourth quarter worth approximately $230,000. Finally, Foster & Motley Inc. purchased a new stake in shares of iShares GNMA Bond ETF in the fourth quarter worth approximately $234,000.

iShares GNMA Bond ETF Stock Performance

Shares of NASDAQ GNMA opened at $43.24 on Wednesday. The business’s 50 day moving average price is $43.49 and its 200-day moving average price is $43.35. iShares GNMA Bond ETF has a fifty-two week low of $42.00 and a fifty-two week high of $45.69.

iShares GNMA Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were issued a $0.1554 dividend. This represents a $1.86 annualized dividend and a dividend yield of 4.31%. This is an increase from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Thursday, May 1st.

iShares GNMA Bond ETF 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.