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

Concorde Asset Management LLC raised its position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 165.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,552 shares of the company’s stock after buying 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 quarter.

A number of other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of iShares U.S. Treasury Bond ETF by 366.1% in 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. Bank of America Corp DE lifted its position in iShares U.S. Treasury Bond ETF by 20.3% during 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 acquiring an additional 80,062,969 shares during the period. Jump Financial LLC purchased a new position in iShares U.S. Treasury Bond ETF during the 3rd quarter valued at about $1,716,964,000. Northwestern Mutual Wealth Management Co. boosted its stake in iShares U.S. Treasury Bond ETF by 2,261.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,244,325 shares of the company’s stock worth $305,017,000 after acquiring an additional 12,683,472 shares in the last quarter. Finally, LPL Financial LLC boosted its stake 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 worth $2,741,988,000 after acquiring 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. iShares U.S. Treasury Bond ETF has a fifty-two week low of $22.41 and a fifty-two week high of $23.39. The firm’s 50-day simple moving average is $22.65 and its two-hundred day simple moving average is $22.85.

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.