Portland Global Advisors LLC Grows Holdings in iShares GNMA Bond ETF (NASDAQ:GNMA)

Portland Global Advisors LLC boosted its holdings in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 154.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 364,378 shares of the company’s stock after acquiring an additional 221,405 shares during the period. iShares GNMA Bond ETF accounts for about 2.0% of Portland Global Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Portland Global Advisors LLC’s holdings in iShares GNMA Bond ETF were worth $15,643,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new position in iShares GNMA Bond ETF during the fourth quarter valued at $37,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares GNMA Bond ETF in the 4th quarter worth about $230,000. Foster & Motley Inc. bought a new position in iShares GNMA Bond ETF in the 4th quarter worth about $234,000. Quotient Wealth Partners LLC purchased a new stake in iShares GNMA Bond ETF during the 4th quarter valued at about $235,000. Finally, Stratos Wealth Advisors LLC bought a new stake in iShares GNMA Bond ETF during the 4th quarter valued at about $241,000.

iShares GNMA Bond ETF Trading Up 0.7 %

Shares of NASDAQ GNMA opened at $43.83 on Friday. The firm’s 50 day moving average price is $43.42 and its 200-day moving average price is $43.59. iShares GNMA Bond ETF has a 52-week low of $41.91 and a 52-week high of $45.69.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1514 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.