iShares GNMA Bond ETF (NASDAQ:GNMA) Shares Acquired by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lifted its stake in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 17.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 121,759 shares of the company’s stock after purchasing an additional 18,460 shares during the quarter. Farmers & Merchants Investments Inc. owned about 1.60% of iShares GNMA Bond ETF worth $5,283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GNMA. 3EDGE Asset Management LP acquired a new position in shares of iShares GNMA Bond ETF during the 4th quarter worth $50,977,000. Northland Capital Management LLC purchased a new stake in shares of iShares GNMA Bond ETF in the 4th quarter worth about $18,077,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of iShares GNMA Bond ETF in the 4th quarter worth about $2,908,000. Fort Pitt Capital Group LLC boosted its position in shares of iShares GNMA Bond ETF by 9.0% in the 1st quarter. Fort Pitt Capital Group LLC now owns 791,646 shares of the company’s stock worth $34,350,000 after buying an additional 65,125 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of iShares GNMA Bond ETF in the 4th quarter worth about $2,669,000.

iShares GNMA Bond ETF Trading Up 0.2 %

iShares GNMA Bond ETF stock opened at $42.75 on Wednesday. iShares GNMA Bond ETF has a 52 week low of $40.33 and a 52 week high of $44.41. The firm’s 50-day simple moving average is $42.89 and its 200 day simple moving average is $43.20.

iShares GNMA Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be given a $0.1501 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.80 annualized dividend and a dividend yield of 4.21%.

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.