Merit Financial Group LLC Takes Position in iShares GNMA Bond ETF (NASDAQ:GNMA)

Merit Financial Group LLC purchased a new stake in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,354 shares of the company’s stock, valued at approximately $591,000. Merit Financial Group LLC owned 0.14% of iShares GNMA Bond ETF as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Investors Research Corp grew its stake in shares of iShares GNMA Bond ETF by 8.0% during the third quarter. Investors Research Corp now owns 4,698 shares of the company’s stock valued at $196,000 after buying an additional 346 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in iShares GNMA Bond ETF by 7.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 5,287 shares of the company’s stock valued at $234,000 after acquiring an additional 347 shares during the last quarter. First Horizon Advisors Inc. increased its stake in iShares GNMA Bond ETF by 495.6% in the fourth quarter. First Horizon Advisors Inc. now owns 679 shares of the company’s stock worth $30,000 after purchasing an additional 565 shares during the period. Baystate Wealth Management LLC lifted its position in shares of iShares GNMA Bond ETF by 615.1% during the third quarter. Baystate Wealth Management LLC now owns 665 shares of the company’s stock worth $28,000 after purchasing an additional 572 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in shares of iShares GNMA Bond ETF during the fourth quarter valued at $37,000.

iShares GNMA Bond ETF Stock Performance

NASDAQ GNMA opened at $42.81 on Wednesday. iShares GNMA Bond ETF has a 12 month low of $40.33 and a 12 month high of $44.66. The company’s 50-day moving average price is $42.86 and its 200-day moving average price is $42.98.

iShares GNMA Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd were paid a $0.1421 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.70 dividend on an annualized basis and a yield of 3.98%.

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.