iShares U.S. Treasury Bond ETF (BATS:GOVT) Sets New 12-Month Low – Here’s Why

iShares U.S. Treasury Bond ETF (BATS:GOVT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $22.43 and last traded at $22.45, with a volume of 144059 shares trading hands. The stock had previously closed at $22.50.

iShares U.S. Treasury Bond ETF Stock Performance

The firm’s 50 day moving average is $22.66 and its 200 day moving average is $22.87.

Institutional Trading of iShares U.S. Treasury Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GOVT. Bank of America Corp DE lifted its holdings in shares of iShares U.S. Treasury Bond ETF by 20.3% in the 1st 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. JPMorgan Chase & Co. raised 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 worth $4,491,644,000 after buying an additional 153,219,429 shares during the period. LPL Financial LLC lifted its holdings in iShares U.S. Treasury Bond ETF by 7.1% during the fourth quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock valued at $2,741,988,000 after purchasing an additional 7,886,409 shares in the last quarter. Jump Financial LLC acquired a new stake in iShares U.S. Treasury Bond ETF in the 3rd quarter worth about $1,716,964,000. Finally, Truist Financial Corp raised its holdings in shares of iShares U.S. Treasury Bond ETF by 3.4% during the fourth quarter. Truist Financial Corp now owns 71,006,495 shares of the company’s stock valued at $1,634,925,000 after acquiring an additional 2,302,272 shares during the last quarter.

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.