Investment firm acquires stake in iShares GNMA Bond ETF
Mayflower Financial Advisors LLC, a renowned investment firm, is proud to announce that it has acquired 9,155 shares of the iShares GNMA Bond ETF (NASDAQ:GNMA) during the first quarter of this year. The company purchased these outstanding shares at a value of approximately $407,000, according to a recent disclosure to the Securities and Exchange Commission (SEC). The acquisition made Mayflower Financial Advisors LLC a co-owner of the iShares GNMA Bond ETF by owning his 0.13% stake in the company, per the latest filings with the SEC.
The iShares GNMA Bond ETF is one of many holdings chosen by hedge funds for its unique advantages. This provides a convenient and transparent way for investors seeking exposure to mortgage-backed securities.
In addition to this strategy, on Wednesday, June 7, the iShares GNMA Bond ETF announced a monthly dividend to shareholders who issued a dividend of $0.1197 per share on Friday, June 2. However, shareholders listed after Thursday, June 1 are considered ex-dividends and are not eligible for payment.
The dividend payment system’s annualized plan yields a dividend yield of 3.27%, calculated by dividing the expected annual dividend by the current share price. The above yield factors offer investors a reliable investment that will give them the maximum return on their assets.
For more information regarding hedge fund investments, SEC insider trading, iShares GNMA Bond ETFs or other filings related to other companies, please visit HoldingsChannel.com for related information.
In conclusion, Mayflower Financial Advisors LLC is committed to developing strategic investment priorities amid market volatility while conscientiously considering client needs at a time when smart investment decisions are paramount. By continuing to focus on , we are now confident enough to accumulate these remarkable assets under management.
iShares GNMA Bond ETF
the current $44.02
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Investment Firms Confident in Growth Potential of iShares GNMA Bond ETF
The stock market is constantly changing and stock prices fluctuate daily. Recently, an institutional investor and hedge fund changed his iShares GNMA Bond ETF (GNMA) holdings. One of his notable investors, his OLD Mission Capital LLC, acquired new positions worth $13.602 million during the fourth quarter. This is a great acquisition for the company and demonstrates GNMA’s growth potential.
Jane Street Group LLC also increased its shares in the iShares GNMA Bond ETF by 177.1% in the first quarter. The company purchased an additional 303,178 shares during this period and now holds 474,391 shares worth $22,638,000. BlackRock Inc., one of the world’s largest asset managers, also purchased new positions in the iShares GNMA Bond ETF worth approximately $4,334,000 during the first quarter.
Wealthsource Partners LLC has also seen value in GNMA, purchasing approximately $1,736,000 worth of new stock in the fourth quarter of last year. Last but not least, Goldman Sachs Group increased its stock position by 22.1% in the first quarter of this year. The company currently holds 214,049 shares worth $10,214,000.
Considering the large investments made by such prominent institutions and organizations as these five companies, it shows their high optimism and confidence regarding the future growth potential of GNMA.
It is currently trading at $43.89 per share as of Friday’s close. The GNMA hit a 52-week low of $41.56 and a 52-week high of $47.35, demonstrating consistent stability over time and an equally attractive venture option for many investors. It is
iShares GNMA is an exchange-traded fund based on the Bloomberg US GNMA Bond Index, which tracks a market value-weighted index. As such, it provides global investors with easy and broad access to a wide range of fixed income investments that diversify their portfolios while actively managing the risks associated with market indices. The ETF tracks US mortgage pass-through securities traded by the GNMA Government National Mortgage Association, with maturities ranging from 15 to 30 years.
Managed by BlackRock, the iShares GNMA Bond ETF is primarily intended for investors seeking long-term investments in low-risk US government-backed real estate bonds. Its overall objective is to generate returns in excess of those available from passive investment options typically available in such bonds.
Overall, GNMA’s prospects look bright given recent investments that institutional investors and hedge funds see as an attractive low-risk venture option.