Farmers & Merchants Investments Inc. Increases Holdings in iShares GNMA Bond ETF $GNMA

Farmers & Merchants Investments Inc. grew its holdings in iShares GNMA Bond ETF (NASDAQ:GNMA) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 266,935 shares of the company’s stock after buying an additional 15,287 shares during the quarter. Farmers & Merchants Investments Inc. owned approximately 3.22% of iShares GNMA Bond ETF worth $11,839,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GNMA. Legacy Wealth Managment LLC ID bought a new position in shares of iShares GNMA Bond ETF during the first quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in iShares GNMA Bond ETF during the 2nd quarter valued at $43,000. Hills Bank & Trust Co purchased a new position in iShares GNMA Bond ETF during the 2nd quarter valued at $101,000. MAI Capital Management raised its holdings in iShares GNMA Bond ETF by 67.7% in the 1st quarter. MAI Capital Management now owns 3,652 shares of the company’s stock worth $160,000 after purchasing an additional 1,474 shares in the last quarter. Finally, WealthPlan Investment Management LLC purchased a new stake in shares of iShares GNMA Bond ETF in the 2nd quarter worth about $259,000.

iShares GNMA Bond ETF Price Performance

Shares of GNMA opened at $44.49 on Tuesday. iShares GNMA Bond ETF has a 1-year low of $42.00 and a 1-year high of $45.34. The firm’s 50-day moving average price is $44.58 and its 200-day moving average price is $44.19.

iShares GNMA Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a dividend of $0.1582 per share. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.