Pines Wealth Management LLC Sells 12,330 Shares of iShares U.S. Treasury Bond ETF $GOVT

Pines Wealth Management LLC reduced its stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 24.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,940 shares of the company’s stock after selling 12,330 shares during the period. Pines Wealth Management LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $864,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in iShares U.S. Treasury Bond ETF by 3.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 74,117,889 shares of the company’s stock valued at $1,703,600,000 after acquiring an additional 2,589,306 shares during the period. Truist Financial Corp lifted its holdings in shares of iShares U.S. Treasury Bond ETF by 3.9% in the first quarter. Truist Financial Corp now owns 69,572,378 shares of the company’s stock worth $1,599,121,000 after buying an additional 2,615,659 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of iShares U.S. Treasury Bond ETF by 3.1% in the first quarter. PNC Financial Services Group Inc. now owns 41,036,037 shares of the company’s stock valued at $943,213,000 after acquiring an additional 1,219,217 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of iShares U.S. Treasury Bond ETF by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,633,284 shares of the company’s stock valued at $543,211,000 after acquiring an additional 2,019,524 shares during the period. Finally, Assetmark Inc. grew its stake in iShares U.S. Treasury Bond ETF by 3.0% during the first quarter. Assetmark Inc. now owns 22,062,337 shares of the company’s stock valued at $507,103,000 after acquiring an additional 652,782 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

BATS GOVT opened at $23.22 on Wednesday. The business has a 50-day moving average price of $22.90 and a 200 day moving average price of $22.83.

iShares U.S. Treasury Bond ETF Company 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.