Kovitz Investment Group Partners LLC Invests $33.39 Million in iShares GNMA Bond ETF (NASDAQ:GNMA)

Kovitz Investment Group Partners LLC bought a new stake in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) during the 4th quarter, HoldingsChannel.com reports. The fund bought 777,724 shares of the company’s stock, valued at approximately $33,388,000. Kovitz Investment Group Partners LLC owned approximately 0.10% of iShares GNMA Bond ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GNMA. LifePlan Financial LLC lifted its position in shares of iShares GNMA Bond ETF by 1.0% during the 4th quarter. LifePlan Financial LLC now owns 45,990 shares of the company’s stock worth $1,974,000 after buying an additional 456 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in iShares GNMA Bond ETF by 12.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,962 shares of the company’s stock worth $256,000 after purchasing an additional 641 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in iShares GNMA Bond ETF by 10.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 6,982 shares of the company’s stock valued at $300,000 after purchasing an additional 666 shares during the period. Beacon Financial Group increased its position in shares of iShares GNMA Bond ETF by 7.5% during the 4th quarter. Beacon Financial Group now owns 10,054 shares of the company’s stock valued at $432,000 after purchasing an additional 701 shares during the last quarter. Finally, Planned Solutions Inc. raised its stake in shares of iShares GNMA Bond ETF by 4.3% during the 4th quarter. Planned Solutions Inc. now owns 18,081 shares of the company’s stock worth $776,000 after purchasing an additional 746 shares during the period.

iShares GNMA Bond ETF Price Performance

Shares of NASDAQ:GNMA opened at $43.76 on Friday. iShares GNMA Bond ETF has a fifty-two week low of $42.00 and a fifty-two week high of $45.69. The company’s 50-day moving average is $43.57 and its 200 day moving average is $43.40.

iShares GNMA Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.1532 per share. This is an increase from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Tuesday, April 1st.

About iShares GNMA Bond ETF

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.