iShares U.S. Treasury Bond ETF (BATS:GOVT – Get Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as $22.40 and last traded at $22.42, with a volume of 309726 shares. The stock had previously closed at $22.43.
iShares U.S. Treasury Bond ETF Trading Up 0.0%
The firm’s 50-day moving average price is $22.60 and its 200-day moving average price is $22.81.
Institutional Investors Weigh In On iShares U.S. Treasury Bond ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOVT. Bank of America Corp DE increased its position in shares of 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 purchasing an additional 80,062,969 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 valued at $4,491,644,000 after buying an additional 153,219,429 shares during the last quarter. LPL Financial LLC grew its position in 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 valued at $2,741,988,000 after acquiring an additional 7,886,409 shares during the last quarter. Jump Financial LLC bought a new position in shares of iShares U.S. Treasury Bond ETF in the third quarter worth about $1,716,964,000. Finally, Truist Financial Corp grew its stake in iShares U.S. Treasury Bond ETF by 3.4% in the 4th quarter. Truist Financial Corp now owns 71,006,495 shares of the company’s stock worth $1,634,925,000 after acquiring an additional 2,302,272 shares in the last quarter.
About iShares U.S. Treasury Bond ETF
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.
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