Arbor Trust Wealth Advisors LLC Sells 5,979 Shares of iShares GNMA Bond ETF (NASDAQ:GNMA)

Arbor Trust Wealth Advisors LLC decreased its holdings in iShares GNMA Bond ETF (NASDAQ:GNMA) by 34.2% in the 4th quarter, HoldingsChannel reports. The firm owned 11,509 shares of the company’s stock after selling 5,979 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in iShares GNMA Bond ETF were worth $494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First National Corp MA ADV lifted its position in shares of iShares GNMA Bond ETF by 17.6% during the third 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 in the last quarter. Advisors Asset Management Inc. raised its position in iShares GNMA Bond ETF by 54.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 11,481 shares of the company’s stock worth $514,000 after purchasing an additional 4,040 shares during the last quarter. MML Investors Services LLC raised its position in iShares GNMA Bond ETF by 27.5% in the 3rd quarter. MML Investors Services LLC now owns 15,698 shares of the company’s stock worth $703,000 after purchasing an additional 3,390 shares during the last quarter. Merit Financial Group LLC acquired a new position in iShares GNMA Bond ETF during the 4th quarter worth $725,000. Finally, FFG Retirement Advisors LLC boosted its position in iShares GNMA Bond ETF by 12.4% in the 3rd quarter. FFG Retirement Advisors LLC now owns 16,972 shares of the company’s stock valued at $760,000 after buying an additional 1,870 shares during the last quarter.

iShares GNMA Bond ETF Stock Performance

GNMA stock opened at $42.91 on Friday. iShares GNMA Bond ETF has a twelve month low of $41.91 and a twelve month high of $45.69. The business has a fifty day moving average of $43.19 and a 200-day moving average of $43.81.

iShares GNMA Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.1487 per share. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. This represents a $1.78 annualized dividend and a yield of 4.16%. The ex-dividend date was Wednesday, December 18th.

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.