Advisors Asset Management Inc. Grows Holdings in iShares GNMA Bond ETF (NASDAQ:GNMA)

Advisors Asset Management Inc. increased its position in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 54.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,481 shares of the company’s stock after purchasing an additional 4,040 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.16% of iShares GNMA Bond ETF worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Focus Financial Network Inc. boosted its stake in iShares GNMA Bond ETF by 48.7% in the third quarter. Focus Financial Network Inc. now owns 36,065 shares of the company’s stock valued at $1,615,000 after acquiring an additional 11,816 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of iShares GNMA Bond ETF by 14.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 183,335 shares of the company’s stock valued at $8,212,000 after purchasing an additional 23,508 shares during the period. FFG Retirement Advisors LLC raised its position in shares of iShares GNMA Bond ETF by 12.4% in the third quarter. FFG Retirement Advisors LLC now owns 16,972 shares of the company’s stock valued at $760,000 after purchasing an additional 1,870 shares during the period. Eastern Bank bought a new stake in shares of iShares GNMA Bond ETF in the third quarter valued at approximately $4,208,000. Finally, Wooster Corthell Wealth Management Inc. raised its position in shares of iShares GNMA Bond ETF by 164.2% in the third quarter. Wooster Corthell Wealth Management Inc. now owns 60,972 shares of the company’s stock valued at $2,731,000 after purchasing an additional 37,895 shares during the period.

iShares GNMA Bond ETF Price Performance

NASDAQ GNMA opened at $43.69 on Thursday. The company’s 50 day moving average is $43.95 and its 200-day moving average is $43.79. iShares GNMA Bond ETF has a 12-month low of $41.91 and a 12-month high of $45.69.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1468 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Friday, November 1st.

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.