HighTower Advisors LLC Trims Holdings in iShares GNMA Bond ETF $GNMA

HighTower Advisors LLC lessened its stake in iShares GNMA Bond ETF (NASDAQ:GNMA) by 22.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,022 shares of the company’s stock after selling 13,704 shares during the period. HighTower Advisors LLC owned about 0.56% of iShares GNMA Bond ETF worth $2,085,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Procyon Advisors LLC bought a new position in shares of iShares GNMA Bond ETF during the third quarter worth about $2,259,000. Envestnet Asset Management Inc. raised its stake in iShares GNMA Bond ETF by 66.4% during the second quarter. Envestnet Asset Management Inc. now owns 88,073 shares of the company’s stock valued at $3,871,000 after buying an additional 35,158 shares in the last quarter. Chapman Financial Group LLC bought a new position in iShares GNMA Bond ETF during the 2nd quarter worth approximately $1,129,000. Raymond James Financial Inc. grew its position in shares of iShares GNMA Bond ETF by 56.3% in the 2nd quarter. Raymond James Financial Inc. now owns 60,995 shares of the company’s stock worth $2,681,000 after acquiring an additional 21,977 shares in the last quarter. Finally, Croban grew its position in shares of iShares GNMA Bond ETF by 46.5% in the 3rd quarter. Croban now owns 56,810 shares of the company’s stock worth $2,519,000 after acquiring an additional 18,022 shares in the last quarter.

iShares GNMA Bond ETF Price Performance

GNMA stock opened at $45.27 on Friday. iShares GNMA Bond ETF has a 12-month low of $42.55 and a 12-month high of $45.49. The stock’s 50 day simple moving average is $44.72 and its 200 day simple moving average is $44.53.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.157 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, February 2nd.

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.