Cardiff Park Advisors LLC Cuts Position in iShares GNMA Bond ETF $GNMA

Cardiff Park Advisors LLC trimmed its holdings in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 63.2% in the first quarter, HoldingsChannel.com reports. The fund owned 12,424 shares of the company’s stock after selling 21,354 shares during the period. Cardiff Park Advisors LLC’s holdings in iShares GNMA Bond ETF were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Advisory Services Network LLC purchased a new position in iShares GNMA Bond ETF in the third quarter worth $25,000. Creative Financial Designs Inc. ADV increased its position in shares of iShares GNMA Bond ETF by 83.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,142 shares of the company’s stock valued at $95,000 after purchasing an additional 973 shares during the last quarter. Quotient Wealth Partners LLC purchased a new stake in shares of iShares GNMA Bond ETF during the 4th quarter valued at $206,000. Ausdal Financial Partners Inc. bought a new stake in shares of iShares GNMA Bond ETF during the 4th quarter worth $211,000. Finally, IVC Wealth Advisors LLC bought a new stake in shares of iShares GNMA Bond ETF during the 4th quarter worth $212,000.

iShares GNMA Bond ETF Price Performance

Shares of NASDAQ:GNMA opened at $43.55 on Monday. The company’s 50-day moving average is $44.00 and its 200 day moving average is $44.38. iShares GNMA Bond ETF has a fifty-two week low of $43.18 and a fifty-two week high of $45.49.

iShares GNMA Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.1576 dividend. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, July 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.