iShares U.S. Treasury Bond ETF $GOVT Stock: Lido Advisors LLC Increases Position

Lido Advisors LLC increased its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 11,303.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,780,901 shares of the company’s stock after purchasing an additional 1,765,284 shares during the period. Lido Advisors LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $38,948,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in iShares U.S. Treasury Bond ETF by 20.3% in the first quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock valued at $10,876,979,000 after buying an additional 80,062,969 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares U.S. Treasury Bond ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 167,199,210 shares of the company’s stock worth $3,808,755,000 after acquiring an additional 13,304,992 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares U.S. Treasury Bond ETF by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 54,704,163 shares of the company’s stock worth $1,253,272,000 after acquiring an additional 1,756,317 shares in the last quarter. Assetmark Inc. grew 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 worth $599,704,000 after acquiring an additional 1,186,252 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of iShares U.S. Treasury Bond ETF by 144.8% during the first quarter. Cetera Investment Advisers now owns 10,135,363 shares of the company’s stock worth $232,201,000 after acquiring an additional 5,995,250 shares during the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

Shares of GOVT stock opened at $22.16 on Wednesday. iShares U.S. Treasury Bond ETF has a fifty-two week low of $21.73 and a fifty-two week high of $23.39. The stock’s 50-day simple moving average is $22.10 and its 200-day simple moving average is $22.62.

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.