Tortoise Investment Management LLC Raises Stock Position in iShares GNMA Bond ETF (NASDAQ:GNMA)

Tortoise Investment Management LLC grew its holdings in iShares GNMA Bond ETF (NASDAQ:GNMA) by 14.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,318 shares of the company’s stock after buying an additional 410 shares during the period. Tortoise Investment Management LLC’s holdings in iShares GNMA Bond ETF were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GNMA. TSA Wealth Managment LLC purchased a new position in shares of iShares GNMA Bond ETF during the 4th quarter worth about $2,169,000. Firethorn Wealth Partners LLC purchased a new position in shares of iShares GNMA Bond ETF during the 4th quarter worth about $354,000. Level Financial Advisors Inc. boosted its stake in shares of iShares GNMA Bond ETF by 35.6% during the 4th quarter. Level Financial Advisors Inc. now owns 7,896 shares of the company’s stock worth $349,000 after purchasing an additional 2,072 shares during the period. Merit Financial Group LLC purchased a new position in shares of iShares GNMA Bond ETF during the 4th quarter worth about $591,000. Finally, ShoreHaven Wealth Partners LLC boosted its stake in shares of iShares GNMA Bond ETF by 5.5% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 16,109 shares of the company’s stock worth $713,000 after purchasing an additional 845 shares during the period.

iShares GNMA Bond ETF Trading Up 0.2 %

GNMA traded up $0.08 on Friday, reaching $43.45. 4,590 shares of the company traded hands, compared to its average volume of 51,951. iShares GNMA Bond ETF has a one year low of $40.33 and a one year high of $44.41. The firm has a fifty day simple moving average of $42.69 and a two-hundred day simple moving average of $43.21.

iShares GNMA Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were issued a dividend of $0.1493 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.79 dividend on an annualized basis and a yield of 4.12%.

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.