Portland Global Advisors LLC Purchases 6,861 Shares of iShares GNMA Bond ETF (NASDAQ:GNMA)

Portland Global Advisors LLC grew its position in iShares GNMA Bond ETF (NASDAQ:GNMA) by 1.9% during the first quarter, Holdings Channel reports. The institutional investor owned 371,239 shares of the company’s stock after acquiring an additional 6,861 shares during the quarter. iShares GNMA Bond ETF comprises 2.1% of Portland Global Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Portland Global Advisors LLC’s holdings in iShares GNMA Bond ETF were worth $16,297,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GNMA. South Plains Financial Inc. bought a new stake in shares of iShares GNMA Bond ETF in the 4th quarter valued at about $30,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of iShares GNMA Bond ETF by 23.9% in the 1st 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 in the last quarter. GeoWealth Management LLC boosted its holdings in shares of iShares GNMA Bond ETF by 321.3% in the 4th quarter. GeoWealth Management LLC now owns 1,702 shares of the company’s stock valued at $73,000 after buying an additional 1,298 shares in the last quarter. One Wealth Advisors LLC bought a new stake in shares of iShares GNMA Bond ETF in the 1st quarter valued at about $208,000. Finally, Nwam LLC bought a new stake in shares of iShares GNMA Bond ETF in the 1st quarter valued at about $215,000.

iShares GNMA Bond ETF Stock Performance

NASDAQ:GNMA opened at $43.55 on Monday. 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 simple moving average is $43.41 and its 200-day simple moving average is $43.39.

iShares GNMA Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were paid a $0.1551 dividend. The ex-dividend date was Tuesday, July 1st. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. This represents a $1.86 dividend on an annualized basis and a yield of 4.27%.

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.