Marks Group Wealth Management Inc Takes $1.49 Million Position in iShares U.S. Treasury Bond ETF $GOVT

Marks Group Wealth Management Inc acquired a new position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 64,857 shares of the company’s stock, valued at approximately $1,486,000.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in iShares U.S. Treasury Bond ETF by 366.1% during the fourth quarter. JPMorgan Chase & Co. now owns 195,076,828 shares of the company’s stock worth $4,491,644,000 after purchasing an additional 153,219,429 shares during the period. Jump Financial LLC acquired a new stake in iShares U.S. Treasury Bond ETF during the third quarter valued at approximately $1,716,964,000. Bank of America Corp DE grew its stake in shares of iShares U.S. Treasury Bond ETF by 9.0% in the 4th quarter. Bank of America Corp DE now owns 394,706,971 shares of the company’s stock valued at $9,088,128,000 after purchasing an additional 32,568,450 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Treasury Bond ETF by 2,261.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,244,325 shares of the company’s stock valued at $305,017,000 after purchasing an additional 12,683,472 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of iShares U.S. Treasury Bond ETF by 7.1% in the 4th quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock worth $2,741,988,000 after buying an additional 7,886,409 shares in the last quarter.

iShares U.S. Treasury Bond ETF Price Performance

Shares of GOVT opened at $22.60 on Friday. iShares U.S. Treasury Bond ETF has a 1 year low of $22.47 and a 1 year high of $23.39. The stock has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $22.89.

iShares U.S. Treasury Bond ETF 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.