iShares U.S. Treasury Bond ETF (BATS:GOVT) Hits New 1-Year Low – Here’s What Happened

iShares U.S. Treasury Bond ETF (BATS:GOVT) shares hit a new 52-week low on Tuesday . The company traded as low as $22.32 and last traded at $22.35, with a volume of 249001 shares changing hands. The stock had previously closed at $22.44.

iShares U.S. Treasury Bond ETF Stock Down 0.4%

The business’s 50-day moving average price is $22.56 and its 200-day moving average price is $22.77.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GOVT. BTG Pactual Asset Management US LLC acquired a new stake in shares of iShares U.S. Treasury Bond ETF during the 3rd quarter valued at $27,000. Toronto Dominion Bank acquired a new position in shares of iShares U.S. Treasury Bond ETF in the fourth quarter worth $29,000. Strive Financial Group LLC acquired a new position in shares of iShares U.S. Treasury Bond ETF in the second quarter worth $32,000. Birchwood Financial Partners Inc. acquired a new position in shares of iShares U.S. Treasury Bond ETF in the fourth quarter worth $40,000. Finally, Silver Grove Financial Group Inc. purchased a new stake in shares of iShares U.S. Treasury Bond ETF during the fourth quarter worth $42,000.

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.