Eastern Bank Takes Position in iShares GNMA Bond ETF (NASDAQ:GNMA)

Eastern Bank acquired a new position in iShares GNMA Bond ETF (NASDAQ:GNMA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 93,958 shares of the company’s stock, valued at approximately $4,208,000. Eastern Bank owned 1.31% of iShares GNMA Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GNMA. Cypress Wealth Services LLC lifted its position in shares of iShares GNMA Bond ETF by 1.4% in the 1st quarter. Cypress Wealth Services LLC now owns 18,453 shares of the company’s stock worth $801,000 after purchasing an additional 256 shares during the period. Farmers & Merchants Investments Inc. boosted its position in iShares GNMA Bond ETF by 17.9% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 121,759 shares of the company’s stock valued at $5,283,000 after acquiring an additional 18,460 shares in the last quarter. Myecfo LLC boosted its position in iShares GNMA Bond ETF by 15.2% during the 1st quarter. Myecfo LLC now owns 57,164 shares of the company’s stock valued at $2,480,000 after acquiring an additional 7,529 shares in the last quarter. Northland Capital Management LLC increased its holdings in shares of iShares GNMA Bond ETF by 0.3% in the 1st quarter. Northland Capital Management LLC now owns 409,684 shares of the company’s stock valued at $17,776,000 after acquiring an additional 1,159 shares during the period. Finally, DMC Group LLC raised its position in shares of iShares GNMA Bond ETF by 5.6% in the 1st quarter. DMC Group LLC now owns 37,584 shares of the company’s stock worth $1,631,000 after acquiring an additional 1,981 shares in the last quarter.

iShares GNMA Bond ETF Price Performance

Shares of GNMA stock opened at $43.83 on Wednesday. The stock’s 50-day moving average is $44.58 and its 200 day moving average is $43.61. iShares GNMA Bond ETF has a 1-year low of $40.33 and a 1-year high of $45.69.

iShares GNMA Bond ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1503 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.