Synovus Financial Corp Has $371,000 Stake in iShares GNMA Bond ETF (NASDAQ:GNMA)

Synovus Financial Corp lowered its position in iShares GNMA Bond ETF (NASDAQ:GNMA) by 6.8% in the third quarter, HoldingsChannel.com reports. The fund owned 8,277 shares of the company’s stock after selling 600 shares during the quarter. Synovus Financial Corp’s holdings in iShares GNMA Bond ETF were worth $371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC raised its position in iShares GNMA Bond ETF by 402.5% in the 2nd quarter. CWM LLC now owns 990 shares of the company’s stock valued at $43,000 after purchasing an additional 793 shares during the last quarter. Fullcircle Wealth LLC bought a new position in shares of iShares GNMA Bond ETF in the second quarter valued at about $265,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of iShares GNMA Bond ETF by 4.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 6,373 shares of the company’s stock valued at $274,000 after buying an additional 300 shares during the last quarter. Arbor Trust Wealth Advisors LLC lifted its position in iShares GNMA Bond ETF by 67.9% during the 2nd quarter. Arbor Trust Wealth Advisors LLC now owns 17,488 shares of the company’s stock worth $753,000 after buying an additional 7,073 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in iShares GNMA Bond ETF by 31.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 159,827 shares of the company’s stock worth $6,884,000 after acquiring an additional 38,068 shares during the last quarter.

iShares GNMA Bond ETF Stock Performance

GNMA opened at $42.83 on Thursday. iShares GNMA Bond ETF has a 1-year low of $41.91 and a 1-year high of $45.69. The firm has a 50-day moving average price of $43.65 and a two-hundred day moving average price of $43.88.

iShares GNMA Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, December 18th will be issued a $0.1487 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.16%. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.15.

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.