Bank of Montreal Can Sells 499,364 Shares of iShares U.S. Treasury Bond ETF $GOVT

Bank of Montreal Can lowered its stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 89.7% in the second quarter, Holdings Channel reports. The firm owned 57,640 shares of the company’s stock after selling 499,364 shares during the period. Bank of Montreal Can’s holdings in iShares U.S. Treasury Bond ETF were worth $1,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC acquired a new stake in shares of iShares U.S. Treasury Bond ETF in the first quarter worth $26,000. SOA Wealth Advisors LLC. grew its stake in iShares U.S. Treasury Bond ETF by 424.7% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 1,679 shares of the company’s stock valued at $39,000 after buying an additional 1,359 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in iShares U.S. Treasury Bond ETF in the 2nd quarter worth $39,000. Bessemer Group Inc. bought a new position in iShares U.S. Treasury Bond ETF in the 2nd quarter worth $40,000. Finally, Blume Capital Management Inc. acquired a new position in iShares U.S. Treasury Bond ETF during the 2nd quarter worth $40,000.

iShares U.S. Treasury Bond ETF Stock Performance

Shares of BATS:GOVT opened at $23.09 on Friday. The company has a 50-day simple moving average of $23.17 and a 200-day simple moving average of $22.92.

iShares U.S. Treasury Bond ETF Profile

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.