Beverly Hills Private Wealth LLC Buys 158,886 Shares of iShares GNMA Bond ETF $GNMA

Beverly Hills Private Wealth LLC bought a new position in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) in the third quarter, Holdings Channel.com reports. The fund bought 158,886 shares of the company’s stock, valued at approximately $6,651,000. iShares GNMA Bond ETF makes up approximately 1.0% of Beverly Hills Private Wealth LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other large investors have also modified their holdings of GNMA. Farther Finance Advisors LLC acquired a new stake in shares of iShares GNMA Bond ETF in the third quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of iShares GNMA Bond ETF by 74.9% in the first quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock worth $35,000 after buying an additional 341 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of iShares GNMA Bond ETF in the third quarter worth about $46,000. Eastern Bank acquired a new position in iShares GNMA Bond ETF during the third quarter worth about $55,000. Finally, Robinswood Financial LLC acquired a new position in iShares GNMA Bond ETF during the first quarter worth about $60,000.

iShares GNMA Bond ETF Stock Performance

GNMA opened at $43.01 on Monday. iShares GNMA Bond ETF has a twelve month low of $41.31 and a twelve month high of $45.49. The firm’s 50-day moving average price is $42.51 and its 200 day moving average price is $43.81.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a $0.1625 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, November 2nd. This is a negative change from iShares GNMA Bond ETF’s previous monthly dividend of $0.1662.

iShares GNMA Bond ETF Company 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.