DMC Group LLC Decreases Stock Position in iShares GNMA Bond ETF (NASDAQ:GNMA)

DMC Group LLC trimmed its position in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,713 shares of the company’s stock after selling 1,036 shares during the quarter. iShares GNMA Bond ETF makes up approximately 1.2% of DMC Group LLC’s investment portfolio, making the stock its 20th largest position. DMC Group LLC owned about 0.42% of iShares GNMA Bond ETF worth $1,447,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GNMA. Envestnet Asset Management Inc. grew its holdings in shares of iShares GNMA Bond ETF by 32.2% during the second quarter. Envestnet Asset Management Inc. now owns 47,006 shares of the company’s stock worth $2,025,000 after buying an additional 11,462 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares GNMA Bond ETF during the 2nd quarter valued at about $5,161,000. LifePlan Financial LLC grew its stake in iShares GNMA Bond ETF by 12.1% during the 3rd quarter. LifePlan Financial LLC now owns 45,534 shares of the company’s stock valued at $2,039,000 after acquiring an additional 4,931 shares in the last quarter. Prosperity Planning Inc. lifted its stake in iShares GNMA Bond ETF by 4.6% in the 3rd quarter. Prosperity Planning Inc. now owns 225,648 shares of the company’s stock worth $10,107,000 after purchasing an additional 10,001 shares in the last quarter. Finally, First National Corp MA ADV boosted its holdings in shares of iShares GNMA Bond ETF by 17.6% during the 3rd quarter. First National Corp MA ADV now owns 9,651 shares of the company’s stock worth $432,000 after purchasing an additional 1,447 shares during the last quarter.

iShares GNMA Bond ETF Stock Performance

GNMA stock opened at $43.21 on Thursday. iShares GNMA Bond ETF has a 1 year low of $41.91 and a 1 year high of $45.69. The business has a 50 day simple moving average of $43.15 and a 200-day simple moving average of $43.80.

iShares GNMA Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.1487 per share. This represents a $1.78 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Wednesday, December 18th. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.15.

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.