CFS Investment Advisory Services LLC Has $1.44 Million Stock Holdings in iShares GNMA Bond ETF (NASDAQ:GNMA)

CFS Investment Advisory Services LLC raised its position in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 32.7% in the 4th quarter, Holdings Channel reports. The firm owned 33,603 shares of the company’s stock after acquiring an additional 8,275 shares during the period. CFS Investment Advisory Services LLC’s holdings in iShares GNMA Bond ETF were worth $1,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GNMA. First National Corp MA ADV increased its stake in shares of iShares GNMA Bond ETF by 17.6% in the 3rd quarter. First National Corp MA ADV now owns 9,651 shares of the company’s stock valued at $432,000 after purchasing an additional 1,447 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in iShares GNMA Bond ETF by 54.3% in the third quarter. Advisors Asset Management Inc. now owns 11,481 shares of the company’s stock valued at $514,000 after buying an additional 4,040 shares in the last quarter. MML Investors Services LLC grew its position in iShares GNMA Bond ETF by 27.5% in the third quarter. MML Investors Services LLC now owns 15,698 shares of the company’s stock valued at $703,000 after acquiring an additional 3,390 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in iShares GNMA Bond ETF by 79.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 16,125 shares of the company’s stock worth $692,000 after acquiring an additional 7,120 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of iShares GNMA Bond ETF in the fourth quarter worth about $725,000.

iShares GNMA Bond ETF Stock Performance

GNMA opened at $42.88 on Friday. iShares GNMA Bond ETF has a 1-year low of $41.91 and a 1-year high of $45.69. The company’s 50 day moving average is $43.15 and its 200-day moving average is $43.80.

iShares GNMA Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.1487 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.78 dividend on an annualized basis and a yield of 4.16%. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.15.

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.