iShares 0-3 Month Treasury Bond ETF (NYSE:SGOV) Hits New 12-Month High – Time to Buy?

iShares 0-3 Month Treasury Bond ETF (NYSE:SGOV) reached a new 52-week high during mid-day trading on Friday. The company traded as high as $100.74 and last traded at $100.7350, with a volume of 5,275,707 shares traded. The stock had previously closed at $100.71.

iShares 0-3 Month Treasury Bond ETF Price Performance

The stock’s 50 day simple moving average is $100.57 and its two-hundred day simple moving average is $100.55.

Hedge Funds Weigh In On iShares 0-3 Month Treasury Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of SGOV. Financial Consulate Inc. bought a new stake in iShares 0-3 Month Treasury Bond ETF in the 2nd quarter valued at about $25,000. Signaturefd LLC increased its stake in shares of iShares 0-3 Month Treasury Bond ETF by 89.9% in the third quarter. Signaturefd LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 142 shares in the last quarter. William Mack & Associates Inc. purchased a new position in shares of iShares 0-3 Month Treasury Bond ETF in the third quarter worth about $31,000. Signature Equity Partners LLC bought a new position in iShares 0-3 Month Treasury Bond ETF in the 3rd quarter worth approximately $33,000. Finally, Physician Wealth Advisors Inc. purchased a new position in iShares 0-3 Month Treasury Bond ETF in the 3rd quarter valued at approximately $38,000.

About iShares 0-3 Month Treasury Bond ETF

The iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasurys maturing in less than or equal to three months. SGOV was launched on May 26, 2020 and is managed by BlackRock.