Cypress Wealth Services LLC Grows Position in iShares GNMA Bond ETF (NASDAQ:GNMA)

Cypress Wealth Services LLC lifted its holdings in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,453 shares of the company’s stock after purchasing an additional 256 shares during the quarter. Cypress Wealth Services LLC owned about 0.24% of iShares GNMA Bond ETF worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of GNMA. Envestnet Portfolio Solutions Inc. purchased a new position in shares of iShares GNMA Bond ETF during the 3rd quarter worth $382,000. Tower Research Capital LLC TRC grew its holdings in shares of iShares GNMA Bond ETF by 40.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,703 shares of the company’s stock worth $364,000 after purchasing an additional 2,516 shares during the period. Dentgroup LLC purchased a new position in shares of iShares GNMA Bond ETF during the 4th quarter worth $281,000. EisnerAmper Wealth Management Corporate Benefits LLC purchased a new position in shares of iShares GNMA Bond ETF during the 4th quarter worth $1,270,000. Finally, Dfpg Investments LLC acquired a new position in iShares GNMA Bond ETF during the 4th quarter worth about $232,000.

iShares GNMA Bond ETF Price Performance

GNMA traded down $0.15 during mid-day trading on Friday, hitting $43.15. 6,618 shares of the stock were exchanged, compared to its average volume of 49,997. The firm’s fifty day moving average is $42.85 and its two-hundred day moving average is $43.22. iShares GNMA Bond ETF has a 1-year low of $40.33 and a 1-year high of $44.41.

iShares GNMA Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a dividend of $0.1493 per share. This represents a $1.79 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Monday, June 3rd.

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.