JPMorgan Chase & Co. Sells 24,974 Shares of iShares GNMA Bond ETF $GNMA

JPMorgan Chase & Co. cut its holdings in iShares GNMA Bond ETF (NASDAQ:GNMA) by 4.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 589,403 shares of the company’s stock after selling 24,974 shares during the period. JPMorgan Chase & Co. owned approximately 0.07% of iShares GNMA Bond ETF worth $26,140,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GNMA. Procyon Advisors LLC bought a new position in iShares GNMA Bond ETF during the third quarter worth about $2,259,000. Chapman Financial Group LLC bought a new stake in iShares GNMA Bond ETF in the 2nd quarter valued at about $1,129,000. Raymond James Financial Inc. grew its position in shares of iShares GNMA Bond ETF by 56.3% during the 2nd quarter. Raymond James Financial Inc. now owns 60,995 shares of the company’s stock worth $2,681,000 after purchasing an additional 21,977 shares in the last quarter. Croban grew its position in shares of iShares GNMA Bond ETF by 46.5% during the 3rd quarter. Croban now owns 56,810 shares of the company’s stock worth $2,519,000 after purchasing an additional 18,022 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its holdings in shares of iShares GNMA Bond ETF by 79.9% during the second quarter. Great Valley Advisor Group Inc. now owns 40,414 shares of the company’s stock worth $1,776,000 after purchasing an additional 17,953 shares during the period.

iShares GNMA Bond ETF Trading Up 0.4%

NASDAQ GNMA opened at $44.24 on Tuesday. iShares GNMA Bond ETF has a 1-year low of $42.55 and a 1-year high of $45.49. The company has a 50 day moving average of $44.75 and a 200-day moving average of $44.62.

iShares GNMA Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.152 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, March 2nd.

iShares GNMA Bond ETF Profile

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.