iShares U.S. Treasury Bond ETF $GOVT is Morningstar Investment Management LLC’s Largest Position

Morningstar Investment Management LLC reduced its position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,483,782 shares of the company’s stock after selling 217,710 shares during the period. iShares U.S. Treasury Bond ETF accounts for about 14.9% of Morningstar Investment Management LLC’s holdings, making the stock its biggest position. Morningstar Investment Management LLC owned approximately 0.87% of iShares U.S. Treasury Bond ETF worth $240,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GC Wealth Management RIA LLC purchased a new stake in iShares U.S. Treasury Bond ETF in the 1st quarter valued at about $215,000. Compound Planning Inc. lifted its position in shares of iShares U.S. Treasury Bond ETF by 35.3% during the 1st quarter. Compound Planning Inc. now owns 15,562 shares of the company’s stock worth $357,000 after buying an additional 4,057 shares in the last quarter. Modern Wealth Management LLC boosted its stake in shares of iShares U.S. Treasury Bond ETF by 76.9% in the 1st quarter. Modern Wealth Management LLC now owns 1,031,632 shares of the company’s stock worth $23,552,000 after buying an additional 448,600 shares during the last quarter. Keebeck Wealth Management boosted its stake in shares of iShares U.S. Treasury Bond ETF by 1,306.4% in the 1st quarter. Keebeck Wealth Management now owns 141,240 shares of the company’s stock worth $3,236,000 after buying an additional 131,197 shares during the last quarter. Finally, Gibbs Wealth Management grew its holdings in shares of iShares U.S. Treasury Bond ETF by 60.9% in the first quarter. Gibbs Wealth Management now owns 853,799 shares of the company’s stock valued at $19,561,000 after acquiring an additional 323,291 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Up 0.1%

Shares of GOVT opened at $22.48 on Friday. The stock has a 50 day moving average of $22.66 and a 200 day moving average of $22.87. iShares U.S. Treasury Bond ETF has a 12 month low of $22.43 and a 12 month high of $23.39.

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.