Bigelow Investment Advisors LLC Trims Position in iShares GNMA Bond ETF $GNMA

Bigelow Investment Advisors LLC decreased its holdings in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 39.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,009 shares of the company’s stock after selling 18,302 shares during the period. Bigelow Investment Advisors LLC’s holdings in iShares GNMA Bond ETF were worth $1,242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its position in iShares GNMA Bond ETF by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 12,226 shares of the company’s stock worth $542,000 after buying an additional 6,113 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in iShares GNMA Bond ETF during the fourth quarter worth about $643,000. Cetera Investment Advisers acquired a new stake in iShares GNMA Bond ETF in the fourth quarter valued at about $312,000. Osaic Holdings Inc. boosted its holdings in iShares GNMA Bond ETF by 112.2% in the 4th quarter. Osaic Holdings Inc. now owns 4,890 shares of the company’s stock valued at $218,000 after purchasing an additional 2,586 shares in the last quarter. Finally, MML Investors Services LLC increased its position in iShares GNMA Bond ETF by 5.3% during the 4th quarter. MML Investors Services LLC now owns 23,051 shares of the company’s stock worth $1,027,000 after purchasing an additional 1,159 shares during the period.

iShares GNMA Bond ETF Price Performance

GNMA opened at $44.48 on Tuesday. The business has a 50 day simple moving average of $44.20 and a 200-day simple moving average of $44.46. iShares GNMA Bond ETF has a 12 month low of $43.18 and a 12 month high of $45.49.

iShares GNMA Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.1536 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.