Bigelow Investment Advisors LLC Raises Stock Position in iShares GNMA Bond ETF (NASDAQ:GNMA)

Bigelow Investment Advisors LLC raised its stake in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,663 shares of the company’s stock after purchasing an additional 5,727 shares during the quarter. iShares GNMA Bond ETF makes up about 1.7% of Bigelow Investment Advisors LLC’s holdings, making the stock its 11th biggest holding. Bigelow Investment Advisors LLC’s holdings in iShares GNMA Bond ETF were worth $3,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. 5T Wealth LLC purchased a new stake in shares of iShares GNMA Bond ETF in the 4th quarter worth about $2,344,000. Sanctuary Advisors LLC grew its position in shares of iShares GNMA Bond ETF by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 133,569 shares of the company’s stock worth $5,776,000 after buying an additional 3,338 shares during the period. WBH Advisory Inc. grew its position in shares of iShares GNMA Bond ETF by 96.3% in the 4th quarter. WBH Advisory Inc. now owns 18,129 shares of the company’s stock worth $778,000 after buying an additional 8,892 shares during the period. Beacon Financial Group grew its position in iShares GNMA Bond ETF by 7.5% during the 4th quarter. Beacon Financial Group now owns 10,054 shares of the company’s stock valued at $432,000 after purchasing an additional 701 shares during the last quarter. Finally, Focus Financial Network Inc. grew its position in iShares GNMA Bond ETF by 16.6% during the 4th quarter. Focus Financial Network Inc. now owns 42,061 shares of the company’s stock valued at $1,806,000 after purchasing an additional 5,996 shares during the last quarter.

iShares GNMA Bond ETF Price Performance

Shares of GNMA stock opened at $43.08 on Wednesday. iShares GNMA Bond ETF has a one year low of $41.91 and a one year high of $45.69. The company’s 50-day moving average is $43.01 and its 200 day moving average is $43.76.

iShares GNMA Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.1566 per share. This is an increase from iShares GNMA Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, February 3rd.

About iShares GNMA Bond ETF

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.