TSA Wealth Managment LLC Makes New Investment in iShares GNMA Bond ETF $GNMA

TSA Wealth Managment LLC bought a new stake in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,201 shares of the company’s stock, valued at approximately $1,180,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GNMA. Prosperity Planning Inc. purchased a new stake in shares of iShares GNMA Bond ETF during the 3rd quarter worth $15,342,000. First Heartland Consultants Inc. purchased a new position in iShares GNMA Bond ETF in the third quarter valued at about $6,375,000. Bank of America Corp DE grew its stake in iShares GNMA Bond ETF by 152.1% in the first quarter. Bank of America Corp DE now owns 99,069 shares of the company’s stock valued at $4,392,000 after purchasing an additional 59,773 shares during the last quarter. Myecfo LLC bought a new position in iShares GNMA Bond ETF in the third quarter worth about $1,905,000. Finally, Focus Financial Network Inc. bought a new position in iShares GNMA Bond ETF in the third quarter worth about $844,000.

iShares GNMA Bond ETF Stock Performance

Shares of GNMA stock traded down $0.05 during mid-day trading on Friday, hitting $42.52. 55,086 shares of the stock traded hands, compared to its average volume of 40,672. The stock’s fifty day moving average is $42.68 and its two-hundred day moving average is $43.57. iShares GNMA Bond ETF has a 52-week low of $41.31 and a 52-week high of $45.49.

iShares GNMA Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.1662 per share. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.1582. The ex-dividend date was Thursday, October 1st. This represents a $1.99 annualized dividend and a dividend yield of 4.7%.

iShares GNMA Bond ETF Company 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.