Sequoia Financial Advisors LLC Sells 12,745 Shares of iShares U.S. Treasury Bond ETF $GOVT

Sequoia Financial Advisors LLC cut its position in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 20.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 49,463 shares of the company’s stock after selling 12,745 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $1,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of iShares U.S. Treasury Bond ETF by 3.6% in 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 buying an additional 2,589,306 shares in the last quarter. Truist Financial Corp grew its stake in shares of iShares U.S. Treasury Bond ETF by 3.9% in the first quarter. Truist Financial Corp now owns 69,572,378 shares of the company’s stock valued at $1,599,121,000 after buying an additional 2,615,659 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of iShares U.S. Treasury Bond ETF by 3.1% in the first quarter. PNC Financial Services Group Inc. now owns 41,036,037 shares of the company’s stock valued at $943,213,000 after buying an additional 1,219,217 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares U.S. Treasury Bond ETF by 6.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,048,499 shares of the company’s stock valued at $570,605,000 after buying an additional 1,415,215 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of iShares U.S. Treasury Bond ETF by 3.0% in the first quarter. Assetmark Inc. now owns 22,062,337 shares of the company’s stock valued at $507,103,000 after buying an additional 652,782 shares in the last quarter.

iShares U.S. Treasury Bond ETF Price Performance

BATS:GOVT opened at $23.28 on Friday. The firm has a fifty day moving average price of $23.05 and a two-hundred day moving average price of $22.87.

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.