Merit Financial Group LLC Grows Position in iShares U.S. Treasury Bond ETF $GOVT

Merit Financial Group LLC increased its position in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 50.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,745,592 shares of the company’s stock after buying an additional 584,451 shares during the quarter. Merit Financial Group LLC owned 0.15% of iShares U.S. Treasury Bond ETF worth $40,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of iShares U.S. Treasury Bond ETF by 3.6% during the first 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 last quarter. Truist Financial Corp increased its holdings in iShares U.S. Treasury Bond ETF by 3.9% during the 1st quarter. Truist Financial Corp now owns 69,572,378 shares of the company’s stock valued at $1,599,121,000 after purchasing an additional 2,615,659 shares during the period. PNC Financial Services Group Inc. raised its position in iShares U.S. Treasury Bond ETF by 3.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 41,036,037 shares of the company’s stock valued at $943,213,000 after purchasing an additional 1,219,217 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in iShares U.S. Treasury Bond ETF by 6.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,048,499 shares of the company’s stock valued at $570,605,000 after purchasing an additional 1,415,215 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in iShares U.S. Treasury Bond ETF by 3.0% in the 1st quarter. Assetmark Inc. now owns 22,062,337 shares of the company’s stock worth $507,103,000 after buying an additional 652,782 shares during the period.

iShares U.S. Treasury Bond ETF Stock Performance

Shares of GOVT stock opened at $23.09 on Friday. The stock has a fifty day simple moving average of $23.00 and a 200 day simple moving average of $22.85.

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.