1607 Capital Partners LLC Reduces Holdings in iShares U.S. Treasury Bond ETF $GOVT

1607 Capital Partners LLC reduced its stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 13.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,211,122 shares of the company’s stock after selling 480,400 shares during the quarter. iShares U.S. Treasury Bond ETF makes up about 5.0% of 1607 Capital Partners LLC’s portfolio, making the stock its 5th largest holding. 1607 Capital Partners LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $73,936,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GOVT. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Treasury Bond ETF by 366.1% in the 4th quarter. JPMorgan Chase & Co. now owns 195,076,828 shares of the company’s stock worth $4,491,644,000 after purchasing an additional 153,219,429 shares in the last quarter. Jump Financial LLC bought a new stake in shares of iShares U.S. Treasury Bond ETF in the 3rd quarter worth approximately $1,716,964,000. Bank of America Corp DE boosted its position in shares of iShares U.S. Treasury Bond ETF by 12.6% in the 3rd quarter. Bank of America Corp DE now owns 362,138,521 shares of the company’s stock worth $8,372,643,000 after purchasing an additional 40,633,910 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares U.S. Treasury Bond ETF by 2,261.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,244,325 shares of the company’s stock worth $305,017,000 after purchasing an additional 12,683,472 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of iShares U.S. Treasury Bond ETF by 7.1% in the 4th quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock worth $2,741,988,000 after purchasing an additional 7,886,409 shares in the last quarter.

iShares U.S. Treasury Bond ETF Price Performance

Shares of GOVT opened at $22.69 on Thursday. iShares U.S. Treasury Bond ETF has a 52 week low of $22.47 and a 52 week high of $23.39. The business’s 50 day moving average price is $22.76 and its 200-day moving average price is $22.95.

iShares U.S. Treasury Bond ETF 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.