Merit Financial Group LLC Acquires New Holdings in iShares GNMA Bond ETF (NASDAQ:GNMA)

Merit Financial Group LLC bought a new position in iShares GNMA Bond ETF (NASDAQ:GNMA) during the 4th quarter, Holdings Channel reports. The institutional investor bought 16,889 shares of the company’s stock, valued at approximately $725,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of iShares GNMA Bond ETF by 32.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,006 shares of the company’s stock valued at $2,025,000 after acquiring an additional 11,462 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares GNMA Bond ETF in the second quarter valued at approximately $5,161,000. LifePlan Financial LLC lifted its position in iShares GNMA Bond ETF by 12.1% during the third quarter. LifePlan Financial LLC now owns 45,534 shares of the company’s stock valued at $2,039,000 after purchasing an additional 4,931 shares during the last quarter. Prosperity Planning Inc. grew its stake in iShares GNMA Bond ETF by 4.6% in the 3rd quarter. Prosperity Planning Inc. now owns 225,648 shares of the company’s stock worth $10,107,000 after buying an additional 10,001 shares in the last quarter. Finally, First National Corp MA ADV increased its holdings in shares of iShares GNMA Bond ETF by 17.6% in the 3rd quarter. First National Corp MA ADV now owns 9,651 shares of the company’s stock worth $432,000 after buying an additional 1,447 shares during the last quarter.

iShares GNMA Bond ETF Trading Down 0.2 %

Shares of iShares GNMA Bond ETF stock opened at $43.01 on Thursday. iShares GNMA Bond ETF has a 12 month low of $41.91 and a 12 month high of $45.69. The business’s 50-day moving average price is $43.17 and its 200-day moving average price is $43.81.

iShares GNMA Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.1487 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.78 annualized dividend and a dividend yield of 4.15%. This is an increase from iShares GNMA Bond ETF’s previous monthly dividend of $0.15.

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.