Beverly Hills Private Wealth LLC Has $4.85 Million Stock Position in iShares GNMA Bond ETF $GNMA

Beverly Hills Private Wealth LLC grew its holdings in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 11.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 110,423 shares of the company’s stock after acquiring an additional 11,728 shares during the period. iShares GNMA Bond ETF comprises 0.9% of Beverly Hills Private Wealth LLC’s holdings, making the stock its 21st largest holding. Beverly Hills Private Wealth LLC owned about 1.30% of iShares GNMA Bond ETF worth $4,853,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Legacy Wealth Managment LLC ID acquired a new stake in iShares GNMA Bond ETF in the first quarter valued at $32,000. Creative Financial Designs Inc. ADV increased its stake in shares of iShares GNMA Bond ETF by 23.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,380 shares of the company’s stock valued at $61,000 after buying an additional 266 shares during the period. MAI Capital Management raised its position in shares of iShares GNMA Bond ETF by 67.7% during the first quarter. MAI Capital Management now owns 3,652 shares of the company’s stock worth $160,000 after acquiring an additional 1,474 shares during the last quarter. One Wealth Advisors LLC bought a new position in shares of iShares GNMA Bond ETF during the first quarter worth about $208,000. Finally, Nwam LLC acquired a new position in shares of iShares GNMA Bond ETF in the first quarter worth approximately $215,000.

iShares GNMA Bond ETF Trading Up 0.1%

Shares of GNMA stock opened at $44.70 on Monday. The business’s 50 day simple moving average is $44.28 and its 200 day simple moving average is $43.73. iShares GNMA Bond ETF has a one year low of $42.00 and a one year high of $45.16.

iShares GNMA Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a dividend of $0.1582 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.