Avise Financial Cooperative Inc. Acquires Shares of 86,714 iShares GNMA Bond ETF $GNMA

Avise Financial Cooperative Inc. acquired a new stake in iShares GNMA Bond ETF (NASDAQ:GNMA) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 86,714 shares of the company’s stock, valued at approximately $3,862,000. iShares GNMA Bond ETF comprises approximately 3.5% of Avise Financial Cooperative Inc.’s investment portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of iShares GNMA Bond ETF during the third quarter valued at approximately $25,000. Smartleaf Asset Management LLC raised its holdings in shares of iShares GNMA Bond ETF by 373.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,183 shares of the company’s stock valued at $53,000 after acquiring an additional 933 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of iShares GNMA Bond ETF by 25.6% during the third quarter. Jones Financial Companies Lllp now owns 1,531 shares of the company’s stock valued at $68,000 after acquiring an additional 312 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of iShares GNMA Bond ETF by 83.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,142 shares of the company’s stock valued at $95,000 after acquiring an additional 973 shares in the last quarter. Finally, Quotient Wealth Partners LLC bought a new position in shares of iShares GNMA Bond ETF during the fourth quarter valued at approximately $206,000.

iShares GNMA Bond ETF Stock Performance

Shares of iShares GNMA Bond ETF stock opened at $44.07 on Friday. The business has a 50 day moving average of $44.28 and a 200 day moving average of $44.52. iShares GNMA Bond ETF has a 52 week low of $42.97 and a 52 week high of $45.49.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.1536 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, June 1st.

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.