Concorde Asset Management LLC Buys 25,870 Shares of iShares U.S. Treasury Bond ETF $GOVT

Concorde Asset Management LLC raised its stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 165.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,552 shares of the company’s stock after purchasing an additional 25,870 shares during the quarter. Concorde Asset Management LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $952,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GOVT. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Treasury Bond ETF by 366.1% during the 4th 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 in the last quarter. Bank of America Corp DE increased its position in shares of 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 during the period. Jump Financial LLC bought a new position in iShares U.S. Treasury Bond ETF in the third quarter worth about $1,716,964,000. Northwestern Mutual Wealth Management Co. raised its stake in iShares U.S. Treasury Bond ETF by 2,261.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,244,325 shares of the company’s stock worth $305,017,000 after buying an additional 12,683,472 shares in the last quarter. Finally, LPL Financial LLC raised its stake in iShares U.S. Treasury Bond ETF by 7.1% in the fourth quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock worth $2,741,988,000 after buying an additional 7,886,409 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

Shares of GOVT opened at $22.45 on Friday. The company has a 50-day simple moving average of $22.65 and a two-hundred day simple moving average of $22.85. iShares U.S. Treasury Bond ETF has a one year low of $22.41 and a one year high of $23.39.

iShares U.S. Treasury Bond ETF Company 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.