iShares International Treasury Bond ETF (NASDAQ:IGOV) Sets New 12-Month Low – Here’s Why

iShares International Treasury Bond ETF (NASDAQ:IGOV) shares hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $40.12 and last traded at $40.14, with a volume of 19868 shares changing hands. The stock had previously closed at $40.59.

iShares International Treasury Bond ETF Stock Performance

The stock’s 50-day simple moving average is $41.01 and its 200 day simple moving average is $41.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IGOV. Envestnet Asset Management Inc. boosted its holdings in iShares International Treasury Bond ETF by 9.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 176,240 shares of the company’s stock valued at $7,231,000 after purchasing an additional 14,570 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of iShares International Treasury Bond ETF by 33.3% in the 2nd quarter. IFP Advisors Inc now owns 22,199 shares of the company’s stock valued at $911,000 after buying an additional 5,550 shares during the period. DMC Group LLC lifted its holdings in shares of iShares International Treasury Bond ETF by 7.5% in the 2nd quarter. DMC Group LLC now owns 91,861 shares of the company’s stock valued at $3,769,000 after buying an additional 6,392 shares during the period. Advisory Solutions Group LLC purchased a new stake in shares of iShares International Treasury Bond ETF in the second quarter valued at approximately $224,000. Finally, NerdWallet Wealth Partners LLC purchased a new stake in shares of iShares International Treasury Bond ETF in the second quarter valued at approximately $232,000.

About iShares International Treasury Bond ETF

iShares International Treasury Bond ETF, formerly iShares S&P/Citigroup International Treasury Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the S&P/Citigroup International Treasury Bond Index Ex US (the Index). The Index is a market value-weighted index designed to measure the performance of bonds denominated in local currencies and issued by foreign governments in developed market countries outside the United States.