iShares GNMA Bond ETF (NASDAQ:GNMA) Raises Dividend to $0.16 Per Share

by · The Cerbat Gem

iShares GNMA Bond ETF (NASDAQ:GNMA – Get Free Report) announced a monthly dividend on Thursday, December 18th. Shareholders of record on Friday, December 19th will be paid a dividend of 0.1582 per share on Wednesday, December 24th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, December 19th. This is a 1.9% increase from iShares GNMA Bond ETF’s previous monthly dividend of $0.16.

iShares GNMA Bond ETF Stock Performance

Shares of GNMA stock opened at $44.62 on Friday. iShares GNMA Bond ETF has a 52-week low of $42.00 and a 52-week high of $45.34. The firm has a fifty day moving average of $44.59 and a 200-day moving average of $44.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNMA. Advisory Services Network LLC acquired a new stake in iShares GNMA Bond ETF during the third quarter valued at approximately $25,000. Legacy Wealth Managment LLC ID bought a new position in shares of iShares GNMA Bond ETF during the 1st quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in iShares GNMA Bond ETF in the 2nd quarter valued at $43,000. Smartleaf Asset Management LLC grew its position in iShares GNMA Bond ETF by 373.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,183 shares of the company’s stock valued at $53,000 after acquiring an additional 933 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in iShares GNMA Bond ETF by 25.6% during the third quarter. Jones Financial Companies Lllp now owns 1,531 shares of the company’s stock worth $68,000 after acquiring an additional 312 shares in the last quarter.

About iShares GNMA Bond ETF

(Get Free Report)

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.

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