iShares U.S. Treasury Bond ETF (BATS:GOVT) Hits New 52-Week Low – Time to Sell?

Shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) reached a new 52-week low on Thursday . The stock traded as low as $22.43 and last traded at $22.45, with a volume of 144059 shares. The stock had previously closed at $22.50.

iShares U.S. Treasury Bond ETF Trading Down 0.2%

The business has a fifty day moving average price of $22.66 and a 200-day moving average price of $22.88.

Hedge Funds Weigh In On iShares U.S. Treasury Bond ETF

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in shares of iShares U.S. Treasury Bond ETF by 20.3% in the first quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock worth $10,876,979,000 after acquiring an additional 80,062,969 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 153,219,429 shares during the last quarter. LPL Financial LLC lifted its position in iShares U.S. Treasury Bond ETF by 7.1% during the fourth 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. Jump Financial LLC bought a new position in iShares U.S. Treasury Bond ETF during the third quarter valued at approximately $1,716,964,000. Finally, Truist Financial Corp lifted its position in iShares U.S. Treasury Bond ETF by 3.4% during the fourth quarter. Truist Financial Corp now owns 71,006,495 shares of the company’s stock valued at $1,634,925,000 after purchasing an additional 2,302,272 shares during the period.

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.