Level Financial Advisors Cuts Position in iShares GNMA Bond ETF (NASDAQ:GNMA)

Level Financial Advisors decreased its position in iShares GNMA Bond ETF (NASDAQ:GNMA) by 17.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,485 shares of the company’s stock after selling 1,411 shares during the quarter. Level Financial Advisors owned 0.09% of iShares GNMA Bond ETF worth $281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNMA. TSA Wealth Managment LLC purchased a new stake in shares of iShares GNMA Bond ETF during the fourth quarter worth $2,169,000. Firethorn Wealth Partners LLC purchased a new stake in shares of iShares GNMA Bond ETF during the fourth quarter worth $354,000. Level Financial Advisors Inc. increased its position in shares of iShares GNMA Bond ETF by 35.6% during the fourth quarter. Level Financial Advisors Inc. now owns 7,896 shares of the company’s stock worth $349,000 after acquiring an additional 2,072 shares during the period. Merit Financial Group LLC purchased a new stake in shares of iShares GNMA Bond ETF during the fourth quarter worth $591,000. Finally, ShoreHaven Wealth Partners LLC increased its position in shares of iShares GNMA Bond ETF by 5.5% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 16,109 shares of the company’s stock worth $713,000 after acquiring an additional 845 shares during the period.

iShares GNMA Bond ETF Stock Performance

NASDAQ:GNMA traded up $0.25 during trading hours on Thursday, hitting $43.00. The company’s stock had a trading volume of 7,986 shares, compared to its average volume of 49,196. The stock has a fifty day moving average of $42.90 and a 200-day moving average of $43.20. iShares GNMA Bond ETF has a 52-week low of $40.33 and a 52-week high of $44.41.

iShares GNMA Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be issued a $0.1501 dividend. This represents a $1.80 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Monday, July 1st.

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.