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) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty 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.

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

The firm’s 50 day simple moving average is $22.09 and its two-hundred day simple moving average is $22.61.

Hedge Funds Weigh In On iShares U.S. Treasury Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted 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 worth $10,876,979,000 after acquiring an additional 80,062,969 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Treasury Bond ETF by 8.6% during the second quarter. Envestnet Asset Management Inc. now owns 167,199,210 shares of the company’s stock valued at $3,808,755,000 after purchasing an additional 13,304,992 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of iShares U.S. Treasury Bond ETF by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 54,704,163 shares of the company’s stock valued at $1,253,272,000 after purchasing an additional 1,756,317 shares during the period. Allworth Financial LP increased its holdings in shares of iShares U.S. Treasury Bond ETF by 26.2% during the third quarter. Allworth Financial LP now owns 26,402,216 shares of the company’s stock valued at $601,442,000 after purchasing an additional 5,480,396 shares during the period. Finally, Assetmark Inc. raised its stake in shares of iShares U.S. Treasury Bond ETF by 4.7% during the first quarter. Assetmark Inc. now owns 26,176,498 shares of the company’s stock valued at $599,704,000 after purchasing an additional 1,186,252 shares in 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.