22,754 Shares in iShares GNMA Bond ETF $GNMA Bought by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,754 shares of the company’s stock, valued at approximately $952,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GNMA. Prosperity Planning Inc. acquired a new stake in shares of iShares GNMA Bond ETF in the 3rd quarter valued at about $15,342,000. Farmers & Merchants Investments Inc. grew its holdings in shares of iShares GNMA Bond ETF by 2.6% during the third quarter. Farmers & Merchants Investments Inc. now owns 338,961 shares of the company’s stock worth $14,189,000 after buying an additional 8,717 shares in the last quarter. McGuire Investment Group LLC acquired a new stake in iShares GNMA Bond ETF in the 3rd quarter valued at approximately $8,650,000. First Heartland Consultants Inc. acquired a new stake in iShares GNMA Bond ETF in the 3rd quarter valued at approximately $6,375,000. Finally, Sanctuary Advisors LLC lifted its stake in iShares GNMA Bond ETF by 11.0% in the 1st quarter. Sanctuary Advisors LLC now owns 134,515 shares of the company’s stock valued at $5,963,000 after acquiring an additional 13,350 shares in the last quarter.

iShares GNMA Bond ETF Stock Down 0.1%

NASDAQ:GNMA opened at $42.72 on Wednesday. iShares GNMA Bond ETF has a twelve month low of $41.31 and a twelve month high of $45.49. The business has a 50 day moving average price of $42.56 and a two-hundred day moving average price of $43.83.

iShares GNMA Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a $0.1625 dividend. This is a decrease from iShares GNMA Bond ETF’s previous monthly dividend of $0.1662. The ex-dividend date is Monday, November 2nd. This represents a $1.95 annualized dividend and a yield of 4.6%.

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.