Park Avenue Securities LLC Sells 8,580 Shares of iShares GNMA Bond ETF (NASDAQ:GNMA)

Park Avenue Securities LLC reduced its holdings in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 23.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,740 shares of the company’s stock after selling 8,580 shares during the quarter. Park Avenue Securities LLC owned approximately 0.35% of iShares GNMA Bond ETF worth $1,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. South Plains Financial Inc. acquired a new stake in iShares GNMA Bond ETF during the fourth quarter worth approximately $30,000. GeoWealth Management LLC grew its holdings in shares of iShares GNMA Bond ETF by 321.3% during the 4th quarter. GeoWealth Management LLC now owns 1,702 shares of the company’s stock worth $73,000 after purchasing an additional 1,298 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares GNMA Bond ETF in the fourth quarter worth $230,000. Commonwealth Equity Services LLC raised its stake in iShares GNMA Bond ETF by 12.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,962 shares of the company’s stock valued at $256,000 after purchasing an additional 641 shares in the last quarter. Finally, Fullcircle Wealth LLC raised its stake in iShares GNMA Bond ETF by 12.1% in the fourth quarter. Fullcircle Wealth LLC now owns 6,771 shares of the company’s stock valued at $292,000 after purchasing an additional 729 shares in the last quarter.

iShares GNMA Bond ETF Stock Performance

NASDAQ GNMA opened at $43.39 on Thursday. The business has a fifty day moving average price of $43.30 and a two-hundred day moving average price of $43.33. iShares GNMA Bond ETF has a fifty-two week low of $42.00 and a fifty-two week high of $45.69.

iShares GNMA Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were issued a $0.1518 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.82 dividend on an annualized basis and a yield of 4.20%.

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.