Richmond Investment Services LLC purchased a new stake in iShares U.S. Treasury Bond ETF (BATS:GOVT – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,884 shares of the company’s stock, valued at approximately $985,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its position in shares of iShares U.S. Treasury Bond ETF by 83.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 844,813 shares of the company’s stock worth $19,422,000 after buying an additional 383,928 shares during the last quarter. XTX Topco Ltd acquired a new stake in iShares U.S. Treasury Bond ETF during the 1st quarter worth $375,000. Cutler Investment Counsel LLC raised its stake in iShares U.S. Treasury Bond ETF by 9.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 998,094 shares of the company’s stock worth $22,941,000 after acquiring an additional 85,601 shares in the last quarter. MMA Asset Management LLC lifted its position in iShares U.S. Treasury Bond ETF by 5.8% in the first quarter. MMA Asset Management LLC now owns 281,539 shares of the company’s stock valued at $6,471,000 after acquiring an additional 15,460 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in iShares U.S. Treasury Bond ETF by 13.3% in the first quarter. Arkadios Wealth Advisors now owns 18,862 shares of the company’s stock valued at $434,000 after acquiring an additional 2,209 shares in the last quarter.
iShares U.S. Treasury Bond ETF Stock Performance
Shares of GOVT stock opened at $23.28 on Wednesday. The business’s 50-day moving average price is $23.17 and its 200-day moving average price is $22.94.
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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