Procyon Advisors LLC Makes New $2.26 Million Investment in iShares GNMA Bond ETF $GNMA

Procyon Advisors LLC acquired a new stake in iShares GNMA Bond ETF (NASDAQ:GNMA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 50,930 shares of the company’s stock, valued at approximately $2,259,000. Procyon Advisors LLC owned 0.61% of iShares GNMA Bond ETF as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Stratos Wealth Partners LTD. acquired a new stake in shares of iShares GNMA Bond ETF in the second quarter valued at approximately $8,921,000. Duncan Williams Asset Management LLC bought a new position in iShares GNMA Bond ETF during the 2nd quarter worth $2,105,000. Envestnet Asset Management Inc. raised its holdings in iShares GNMA Bond ETF by 66.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 88,073 shares of the company’s stock valued at $3,871,000 after acquiring an additional 35,158 shares in the last quarter. Northland Capital Management LLC raised its holdings in iShares GNMA Bond ETF by 3.6% in the 2nd quarter. Northland Capital Management LLC now owns 757,948 shares of the company’s stock valued at $33,312,000 after acquiring an additional 26,330 shares in the last quarter. Finally, Chapman Financial Group LLC bought a new stake in shares of iShares GNMA Bond ETF during the 2nd quarter valued at $1,129,000.

iShares GNMA Bond ETF Stock Performance

Shares of NASDAQ GNMA opened at $44.62 on Friday. The stock’s fifty day moving average is $44.54 and its 200 day moving average is $44.27. iShares GNMA Bond ETF has a 52 week low of $42.55 and a 52 week high of $45.34.

iShares GNMA Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a $0.1582 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, December 19th. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.16.

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.