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 – Get Free Report) reached a new 52-week low on Tuesday. The stock traded as low as $21.86 and last traded at $21.91, with a volume of 18345499 shares. The stock had previously closed at $21.98.

iShares U.S. Treasury Bond ETF Trading Down 0.1%

The business has a fifty day moving average price of $22.34 and a 200-day moving average price of $22.61.

Hedge Funds Weigh In On iShares U.S. Treasury Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Farmers National Bank grew its stake in shares of iShares U.S. Treasury Bond ETF by 0.8% in the first quarter. Farmers National Bank now owns 58,081 shares of the company’s stock worth $1,331,000 after acquiring an additional 443 shares during the period. Tradition Wealth Management LLC lifted its position in iShares U.S. Treasury Bond ETF by 4.3% during the fourth 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 period. Collaborative Wealth Managment Inc. lifted its position in iShares U.S. Treasury Bond ETF by 5.6% during the first 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 period. Cherry Tree Wealth Management LLC boosted its holdings in iShares U.S. Treasury Bond ETF by 27.0% in the second quarter. Cherry Tree Wealth Management LLC now owns 2,893 shares of the company’s stock worth $66,000 after purchasing an additional 615 shares during the last quarter. Finally, Barnes Wealth Management Group Inc boosted its holdings in iShares U.S. Treasury Bond ETF by 5.9% in the fourth quarter. Barnes Wealth Management Group Inc now owns 13,198 shares of the company’s stock worth $304,000 after purchasing an additional 730 shares during the last quarter.

iShares U.S. Treasury Bond ETF Company Profile

(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.

Further Reading

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