iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ) Shares Down 1.1% – Should You Sell?

Shares of iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ) dropped 1.1% on Wednesday . The stock traded as low as $8.97 and last traded at $8.99. Approximately 1,736,799 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 1,539,002 shares. The stock had previously closed at $9.09.

iShares 25+ Year Treasury STRIPS Bond ETF Price Performance

The stock has a 50-day simple moving average of $9.27 and a 200 day simple moving average of $9.47.

Hedge Funds Weigh In On iShares 25+ Year Treasury STRIPS Bond ETF

An institutional investor recently raised its position in iShares 25+ Year Treasury STRIPS Bond ETF stock. JPMorgan Chase & Co. increased its position in iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ) by 315.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,735 shares of the company’s stock after purchasing an additional 48,400 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of iShares 25+ Year Treasury STRIPS Bond ETF worth $620,000 as of its most recent SEC filing.

iShares 25+ Year Treasury STRIPS Bond ETF Company Profile

The iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US separate trading of registered interest and principal securities (STRIPS), with remaining maturities of at least 25 years. GOVZ was launched on Sep 22, 2020 and is managed by BlackRock.