5T Wealth LLC Purchases New Position in iShares GNMA Bond ETF (NASDAQ:GNMA)

5T Wealth LLC acquired a new stake in iShares GNMA Bond ETF (NASDAQ:GNMA) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 54,595 shares of the company’s stock, valued at approximately $2,344,000. iShares GNMA Bond ETF comprises approximately 1.3% of 5T Wealth LLC’s holdings, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in iShares GNMA Bond ETF in the 4th quarter valued at about $37,000. Foster & Motley Inc. acquired a new stake in iShares GNMA Bond ETF in the 4th quarter valued at about $234,000. Quotient Wealth Partners LLC acquired a new stake in iShares GNMA Bond ETF in the 4th quarter valued at about $235,000. Stratos Wealth Advisors LLC acquired a new stake in iShares GNMA Bond ETF in the 4th quarter valued at about $241,000. Finally, Patriot Financial Group Insurance Agency LLC increased its position in iShares GNMA Bond ETF by 10.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 6,982 shares of the company’s stock valued at $300,000 after acquiring an additional 666 shares in the last quarter.

iShares GNMA Bond ETF Stock Performance

GNMA opened at $43.33 on Monday. iShares GNMA Bond ETF has a 1-year low of $41.91 and a 1-year high of $45.69. The firm has a 50-day moving average price of $43.02 and a two-hundred day moving average price of $43.77.

iShares GNMA Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1566 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares GNMA Bond ETF’s previous dividend of $0.14.

iShares GNMA Bond ETF 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.