iShares U.S. Treasury Bond ETF (BATS:GOVT) Hits New 1-Year Low – Should You Sell?

Shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.48 and last traded at $22.49, with a volume of 718600 shares changing hands. The stock had previously closed at $22.57.

iShares U.S. Treasury Bond ETF Stock Performance

The company has a 50 day simple moving average of $22.85 and a 200 day simple moving average of $23.02.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Arete Wealth Advisors LLC grew its stake in iShares U.S. Treasury Bond ETF by 37.0% during the first quarter. Arete Wealth Advisors LLC now owns 76,409 shares of the company’s stock worth $1,751,000 after buying an additional 20,640 shares during the period. TrueWealth Financial Partners acquired a new stake in shares of iShares U.S. Treasury Bond ETF in the first quarter worth $410,000. Western Wealth Management LLC raised its stake in shares of iShares U.S. Treasury Bond ETF by 50.6% in the 1st quarter. Western Wealth Management LLC now owns 53,563 shares of the company’s stock valued at $1,227,000 after acquiring an additional 17,997 shares during the period. NewEdge Advisors LLC raised its stake in shares of iShares U.S. Treasury Bond ETF by 190.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,841,277 shares of the company’s stock valued at $42,184,000 after acquiring an additional 1,206,285 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of iShares U.S. Treasury Bond ETF by 20.3% during the 1st quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock valued at $10,876,979,000 after acquiring an additional 80,062,969 shares in the last quarter.

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.