Castleark Management LLC Invests $37.26 Million in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Castleark Management LLC bought a new position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,621,369 shares of the company’s stock, valued at approximately $37,259,000. iShares U.S. Treasury Bond ETF makes up approximately 1.3% of Castleark Management LLC’s portfolio, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in iShares U.S. Treasury Bond ETF by 12.5% in the 4th quarter. Bank of America Corp DE now owns 423,933,669 shares of the company’s stock valued at $9,741,996,000 after purchasing an additional 47,213,558 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares U.S. Treasury Bond ETF by 343.4% in the fourth quarter. JPMorgan Chase & Co. now owns 49,365,745 shares of the company’s stock valued at $1,134,425,000 after purchasing an additional 38,232,721 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in iShares U.S. Treasury Bond ETF by 56.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,088,596 shares of the company’s stock worth $461,636,000 after buying an additional 7,266,546 shares during the period. LPL Financial LLC raised its stake in iShares U.S. Treasury Bond ETF by 5.0% in the 4th quarter. LPL Financial LLC now owns 113,104,408 shares of the company’s stock worth $2,599,139,000 after purchasing an additional 5,340,900 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of iShares U.S. Treasury Bond ETF by 15.4% during the 4th quarter. Allworth Financial LP now owns 33,236,595 shares of the company’s stock worth $747,159,000 after purchasing an additional 4,437,105 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

iShares U.S. Treasury Bond ETF stock opened at $22.63 on Wednesday. The business’s 50 day moving average is $22.84 and its two-hundred day moving average is $22.71.

iShares U.S. Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.0613 dividend. The ex-dividend date was Monday, March 3rd.

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.