Eastern Bank Sells 92,345 Shares of iShares GNMA Bond ETF (NASDAQ:GNMA)

Eastern Bank cut its holdings in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 98.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,613 shares of the company’s stock after selling 92,345 shares during the period. Eastern Bank’s holdings in iShares GNMA Bond ETF were worth $69,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in iShares GNMA Bond ETF by 32.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 47,006 shares of the company’s stock valued at $2,025,000 after purchasing an additional 11,462 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of iShares GNMA Bond ETF during the 2nd quarter valued at about $5,161,000. LifePlan Financial LLC increased its position in shares of 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 buying an additional 4,931 shares during the period. Prosperity Planning Inc. increased its position in shares of iShares GNMA Bond ETF by 4.6% during the third quarter. Prosperity Planning Inc. now owns 225,648 shares of the company’s stock valued at $10,107,000 after buying an additional 10,001 shares during the period. Finally, First National Corp MA ADV raised its stake in iShares GNMA Bond ETF by 17.6% in the third 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 in the last quarter.

iShares GNMA Bond ETF Stock Up 0.3 %

iShares GNMA Bond ETF stock opened at $42.31 on Wednesday. iShares GNMA Bond ETF has a fifty-two week low of $41.91 and a fifty-two week high of $45.69. The stock’s 50 day simple moving average is $43.23 and its two-hundred day simple moving average is $43.82.

iShares GNMA Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.1487 dividend. This represents a $1.78 annualized dividend and a yield of 4.22%. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, December 18th.

iShares GNMA Bond ETF Company 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.