Sequoia Financial Advisors LLC Increases Stock Position in iShares GNMA Bond ETF $GNMA

Sequoia Financial Advisors LLC boosted its position in iShares GNMA Bond ETF (NASDAQ:GNMA) by 18.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,398 shares of the company’s stock after buying an additional 3,633 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.28% of iShares GNMA Bond ETF worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Croban grew its position in iShares GNMA Bond ETF by 14.3% in the 2nd quarter. Croban now owns 38,788 shares of the company’s stock valued at $1,705,000 after buying an additional 4,839 shares during the last quarter. Duncan Williams Asset Management LLC acquired a new position in iShares GNMA Bond ETF in the 2nd quarter valued at about $2,105,000. Patriot Financial Group Insurance Agency LLC raised its stake in 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 purchasing an additional 301 shares during the last quarter. Level Financial Advisors raised its stake in iShares GNMA Bond ETF by 5.3% in the 2nd quarter. Level Financial Advisors now owns 5,893 shares of the company’s stock valued at $259,000 after purchasing an additional 296 shares during the last quarter. Finally, Northland Capital Management LLC raised its stake in iShares GNMA Bond ETF by 3.6% in the 2nd quarter. Northland Capital Management LLC now owns 757,948 shares of the company’s stock valued at $33,312,000 after purchasing an additional 26,330 shares during the last quarter.

iShares GNMA Bond ETF Stock Up 0.1%

NASDAQ GNMA opened at $44.70 on Friday. iShares GNMA Bond ETF has a 12 month low of $42.00 and a 12 month high of $45.16. The company has a 50-day moving average of $44.28 and a 200-day moving average of $43.74.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a dividend of $0.1582 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.