Focus Financial Network Inc. Has $1.81 Million Holdings in iShares GNMA Bond ETF (NASDAQ:GNMA)

Focus Financial Network Inc. lifted its position in iShares GNMA Bond ETF (NASDAQ:GNMA) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 42,061 shares of the company’s stock after acquiring an additional 5,996 shares during the period. Focus Financial Network Inc.’s holdings in iShares GNMA Bond ETF were worth $1,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GNMA. Park Avenue Securities LLC lifted its holdings in shares of iShares GNMA Bond ETF by 17.9% during the 4th quarter. Park Avenue Securities LLC now owns 36,320 shares of the company’s stock worth $1,559,000 after acquiring an additional 5,502 shares during the period. DMC Group LLC raised its position in iShares GNMA Bond ETF by 0.8% in the third quarter. DMC Group LLC now owns 34,749 shares of the company’s stock worth $1,556,000 after purchasing an additional 263 shares in the last quarter. Prosperity Planning Inc. boosted its holdings in iShares GNMA Bond ETF by 6.6% during the fourth quarter. Prosperity Planning Inc. now owns 240,650 shares of the company’s stock valued at $10,331,000 after purchasing an additional 15,002 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of iShares GNMA Bond ETF in the 4th quarter valued at approximately $725,000. Finally, Bigelow Investment Advisors LLC raised its holdings in shares of iShares GNMA Bond ETF by 10.4% in the 3rd quarter. Bigelow Investment Advisors LLC now owns 79,936 shares of the company’s stock worth $3,580,000 after buying an additional 7,558 shares in the last quarter.

iShares GNMA Bond ETF Stock Down 0.1 %

Shares of GNMA stock opened at $43.12 on Wednesday. The stock’s fifty day simple moving average is $43.06 and its 200 day simple moving average is $43.78. iShares GNMA Bond ETF has a one year low of $41.91 and a one year high of $45.69.

iShares GNMA Bond ETF Increases Dividend

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