iShares U.S. Treasury Bond ETF (BATS:GOVT) Stock Price Cross Below 50-Day Moving Average – Here’s What Happened

iShares U.S. Treasury Bond ETF (BATS:GOVT) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $22.09 and traded as low as $22.01. iShares U.S. Treasury Bond ETF shares last traded at $22.02, with a volume of 222,819,049 shares trading hands.

iShares U.S. Treasury Bond ETF Trading Down 0.5%

The business’s 50-day simple moving average is $22.09 and its 200-day simple moving average is $22.61.

Institutional Trading of iShares U.S. Treasury Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gibbs Wealth Management raised its position in iShares U.S. Treasury Bond ETF by 12.8% in the third quarter. Gibbs Wealth Management now owns 966,935 shares of the company’s stock valued at $21,147,000 after purchasing an additional 109,903 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group boosted its position in shares of iShares U.S. Treasury Bond ETF by 15.8% in the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 658,297 shares of the company’s stock worth $14,996,000 after buying an additional 89,661 shares during the period. Wedmont Private Capital boosted its position in shares of iShares U.S. Treasury Bond ETF by 6.9% in the second quarter. Wedmont Private Capital now owns 4,672,099 shares of the company’s stock worth $105,519,000 after buying an additional 301,698 shares during the period. Cassilly Financial Group LLC boosted its position in shares of iShares U.S. Treasury Bond ETF by 192.2% in the second quarter. Cassilly Financial Group LLC now owns 136,043 shares of the company’s stock worth $3,099,000 after buying an additional 89,489 shares during the period. Finally, KWB Wealth grew its stake in shares of iShares U.S. Treasury Bond ETF by 1,245.0% in the second quarter. KWB Wealth now owns 242,255 shares of the company’s stock valued at $5,519,000 after buying an additional 224,243 shares in the last quarter.

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.