Shares of iShares U.S. Treasury Bond ETF (BATS:GOVT – Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $22.48 and last traded at $22.49, with a volume of 718600 shares changing hands. The stock had previously closed at $22.57.
iShares U.S. Treasury Bond ETF Stock Performance
The business’s 50 day simple moving average is $22.87 and its 200 day simple moving average is $23.03.
Institutional Trading of iShares U.S. Treasury Bond ETF
A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in iShares U.S. Treasury Bond ETF by 20.3% during the first quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock valued at $10,876,979,000 after buying an additional 80,062,969 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares U.S. Treasury Bond ETF by 366.1% during the fourth quarter. JPMorgan Chase & Co. now owns 195,076,828 shares of the company’s stock valued at $4,491,644,000 after buying an additional 153,219,429 shares in the last quarter. LPL Financial LLC increased its holdings in shares of iShares U.S. Treasury Bond ETF by 7.1% in the 4th quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock valued at $2,741,988,000 after purchasing an additional 7,886,409 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Treasury Bond ETF by 2.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 76,659,922 shares of the company’s stock valued at $1,772,377,000 after purchasing an additional 2,071,769 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of iShares U.S. Treasury Bond ETF in the 3rd quarter valued at about $1,716,964,000.
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.
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