iShares U.S. Treasury Bond ETF (BATS:GOVT) Reaches New 1-Year Low – Here’s Why

iShares U.S. Treasury Bond ETF (BATS:GOVT – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as $22.08 and last traded at $22.0750, with a volume of 578176 shares traded. The stock had previously closed at $22.19.

iShares U.S. Treasury Bond ETF Stock Performance

The business’s 50 day moving average price is $22.39 and its 200 day moving average price is $22.64.

Institutional Trading of iShares U.S. Treasury Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farmers National Bank lifted its stake in shares of iShares U.S. Treasury Bond ETF by 0.8% in the 1st quarter. Farmers National Bank now owns 58,081 shares of the company’s stock valued at $1,331,000 after purchasing an additional 443 shares during the last quarter. Tradition Wealth Management LLC increased its position in shares of iShares U.S. Treasury Bond ETF by 4.3% during the 4th quarter. Tradition Wealth Management LLC now owns 12,656 shares of the company’s stock valued at $291,000 after purchasing an additional 524 shares during the last quarter. Collaborative Wealth Managment Inc. increased its position in shares of iShares U.S. Treasury Bond ETF by 5.6% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 11,367 shares of the company’s stock valued at $260,000 after purchasing an additional 607 shares during the last quarter. Cherry Tree Wealth Management LLC raised its holdings in iShares U.S. Treasury Bond ETF by 27.0% during the 2nd quarter. Cherry Tree Wealth Management LLC now owns 2,893 shares of the company’s stock valued at $66,000 after buying an additional 615 shares during the period. Finally, Barnes Wealth Management Group Inc raised its holdings in iShares U.S. Treasury Bond ETF by 5.9% during the 4th quarter. Barnes Wealth Management Group Inc now owns 13,198 shares of the company’s stock valued at $304,000 after buying an additional 730 shares during the period.

About iShares U.S. Treasury Bond ETF

(Get Free Report)

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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