Northland Capital Management LLC Sells 85,769 Shares of iShares GNMA Bond ETF $GNMA

Northland Capital Management LLC reduced its position in iShares GNMA Bond ETF (NASDAQ:GNMA) by 11.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 672,179 shares of the company’s stock after selling 85,769 shares during the period. iShares GNMA Bond ETF accounts for about 17.4% of Northland Capital Management LLC’s holdings, making the stock its largest holding. Northland Capital Management LLC owned about 0.08% of iShares GNMA Bond ETF worth $29,811,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares GNMA Bond ETF by 7.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 56,921 shares of the company’s stock valued at $2,482,000 after purchasing an additional 3,734 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in iShares GNMA Bond ETF by 27.5% in the second quarter. Park Avenue Securities LLC now owns 35,363 shares of the company’s stock valued at $1,554,000 after purchasing an additional 7,623 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of iShares GNMA Bond ETF by 4.8% in the second quarter. Farmers & Merchants Investments Inc. now owns 251,648 shares of the company’s stock worth $11,060,000 after buying an additional 11,521 shares during the last quarter. Level Financial Advisors lifted its position in shares of iShares GNMA Bond ETF by 5.3% during the second quarter. Level Financial Advisors now owns 5,893 shares of the company’s stock worth $259,000 after purchasing an additional 296 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of iShares GNMA Bond ETF by 5.2% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,120 shares of the company’s stock valued at $269,000 after acquiring an additional 301 shares during the last quarter.

iShares GNMA Bond ETF Stock Performance

iShares GNMA Bond ETF stock opened at $44.67 on Tuesday. The firm’s 50-day moving average is $44.55 and its 200-day moving average is $44.29. iShares GNMA Bond ETF has a 1 year low of $42.55 and a 1 year high of $45.34.

iShares GNMA Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.1582 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is an increase 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.