Foster & Motley Inc. Acquires 5,832 Shares of iShares GNMA Bond ETF $GNMA

Foster & Motley Inc. boosted its holdings in iShares GNMA Bond ETF (NASDAQ:GNMA) by 93.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,104 shares of the company’s stock after purchasing an additional 5,832 shares during the period. Foster & Motley Inc. owned about 0.14% of iShares GNMA Bond ETF worth $532,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC raised its stake in shares of iShares GNMA Bond ETF by 1.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 792,834 shares of the company’s stock worth $34,805,000 after purchasing an additional 15,110 shares during the period. Northland Capital Management LLC increased its holdings in iShares GNMA Bond ETF by 3.6% during the second quarter. Northland Capital Management LLC now owns 757,948 shares of the company’s stock worth $33,312,000 after buying an additional 26,330 shares during the last quarter. Portland Global Advisors LLC raised its position in iShares GNMA Bond ETF by 1.9% in the first quarter. Portland Global Advisors LLC now owns 371,239 shares of the company’s stock worth $16,297,000 after acquiring an additional 6,861 shares during the period. Farmers & Merchants Investments Inc. raised its position in iShares GNMA Bond ETF by 4.8% in the second quarter. Farmers & Merchants Investments Inc. now owns 251,648 shares of the company’s stock worth $11,060,000 after acquiring an additional 11,521 shares during the period. Finally, Prosperity Planning Inc. boosted its stake in iShares GNMA Bond ETF by 3.3% in the second quarter. Prosperity Planning Inc. now owns 251,260 shares of the company’s stock valued at $11,043,000 after acquiring an additional 7,983 shares during the last quarter.

iShares GNMA Bond ETF Price Performance

iShares GNMA Bond ETF stock opened at $44.70 on Monday. The firm has a 50 day moving average price of $44.28 and a 200-day moving average price of $43.73. iShares GNMA Bond ETF has a twelve month low of $42.00 and a twelve month 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. Shareholders of record on Wednesday, October 1st were paid a $0.1582 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.