Keystone Financial Group Inc. Invests $676,000 in iShares GNMA Bond ETF (NASDAQ:GNMA)

Keystone Financial Group Inc. purchased a new position in shares of iShares GNMA Bond ETF (NASDAQ:GNMA) during the fourth quarter, HoldingsChannel reports. The fund purchased 15,745 shares of the company’s stock, valued at approximately $676,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. McGuire Investment Group LLC raised its holdings in shares of iShares GNMA Bond ETF by 6.8% during the third quarter. McGuire Investment Group LLC now owns 131,846 shares of the company’s stock worth $5,905,000 after acquiring an additional 8,363 shares during the period. Bigelow Investment Advisors LLC raised its holdings in shares of iShares GNMA Bond ETF by 10.4% during the third quarter. Bigelow Investment Advisors LLC now owns 79,936 shares of the company’s stock worth $3,580,000 after acquiring an additional 7,558 shares during the period. DMC Group LLC raised its holdings in shares of iShares GNMA Bond ETF by 0.8% during the third quarter. DMC Group LLC now owns 34,749 shares of the company’s stock worth $1,556,000 after acquiring an additional 263 shares during the period. Wooster Corthell Wealth Management Inc. raised its holdings in shares of iShares GNMA Bond ETF by 164.2% during the third quarter. Wooster Corthell Wealth Management Inc. now owns 60,972 shares of the company’s stock worth $2,731,000 after acquiring an additional 37,895 shares during the period. Finally, Eastern Bank acquired a new stake in shares of iShares GNMA Bond ETF during the third quarter worth $4,208,000.

iShares GNMA Bond ETF Trading Down 0.2 %

Shares of GNMA stock opened at $43.32 on Friday. iShares GNMA Bond ETF has a 1 year low of $41.91 and a 1 year high of $45.69. The firm’s fifty day moving average price is $43.10 and its two-hundred day moving average price is $43.78.

iShares GNMA Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.1566 dividend. This is a positive change from iShares GNMA Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, February 3rd.

About iShares GNMA Bond ETF

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.