Gibbs Wealth Management Trims Stock Position in iShares U.S. Treasury Bond ETF $GOVT

Gibbs Wealth Management lowered its position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 33.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 566,973 shares of the company’s stock after selling 279,816 shares during the quarter. iShares U.S. Treasury Bond ETF makes up about 3.0% of Gibbs Wealth Management’s holdings, making the stock its 3rd biggest holding. Gibbs Wealth Management’s holdings in iShares U.S. Treasury Bond ETF were worth $13,108,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. TIAA Trust National Association raised its holdings in shares of iShares U.S. Treasury Bond ETF by 17,484.2% during the 2nd quarter. TIAA Trust National Association now owns 30,751,087 shares of the company’s stock valued at $705,040,000 after buying an additional 30,576,208 shares in the last quarter. Bank of America Corp DE grew its position in iShares U.S. Treasury Bond ETF by 2.8% during the second quarter. Bank of America Corp DE now owns 321,504,611 shares of the company’s stock valued at $7,388,176,000 after acquiring an additional 8,760,376 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares U.S. Treasury Bond ETF by 7.4% during the second quarter. JPMorgan Chase & Co. now owns 40,314,805 shares of the company’s stock worth $926,434,000 after acquiring an additional 2,794,537 shares in the last quarter. Jordan Park Group LLC lifted its holdings in shares of iShares U.S. Treasury Bond ETF by 13.9% in the 2nd quarter. Jordan Park Group LLC now owns 20,987,708 shares of the company’s stock worth $482,298,000 after acquiring an additional 2,559,272 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares U.S. Treasury Bond ETF by 8.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,236,673 shares of the company’s stock valued at $628,759,000 after purchasing an additional 2,188,174 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

GOVT stock opened at $23.04 on Friday. The firm’s 50 day simple moving average is $23.08 and its two-hundred day simple moving average is $23.04.

About iShares U.S. Treasury Bond ETF

The iShares U.S. Treasury Bond ETF (GOVT) is an exchange-traded fund that is based on the ICE U.S. Treasury Core Bond index. The fund tracks a market-weighted index of fixed-rate nonconvertible U.S. Treasury securities with a remaining maturity of one year or more. GOVT was launched on Feb 14, 2012 and is managed by BlackRock.