Newport Capital Group LLC purchased a new position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT – Free Report) in the third quarter, Holdings Channel.com reports. The fund purchased 155,310 shares of the company’s stock, valued at approximately $3,461,000. iShares U.S. Treasury Bond ETF makes up about 2.3% of Newport Capital Group LLC’s portfolio, making the stock its 15th biggest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Farmers National Bank raised its position in shares of iShares U.S. Treasury Bond ETF by 0.8% during the 1st quarter. Farmers National Bank now owns 58,081 shares of the company’s stock valued at $1,331,000 after buying an additional 443 shares during the period. Collaborative Wealth Managment Inc. lifted its position in iShares U.S. Treasury Bond ETF by 5.6% in the first quarter. Collaborative Wealth Managment Inc. now owns 11,367 shares of the company’s stock valued at $260,000 after buying an additional 607 shares during the last quarter. Cherry Tree Wealth Management LLC boosted its stake in iShares U.S. Treasury Bond ETF by 27.0% during the second quarter. Cherry Tree Wealth Management LLC now owns 2,893 shares of the company’s stock worth $66,000 after buying an additional 615 shares during the period. Barnes Wealth Management Group Inc boosted its position in shares of 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 worth $304,000 after purchasing an additional 730 shares during the period. Finally, Prosperity Consulting Group LLC grew its stake in shares of iShares U.S. Treasury Bond ETF by 3.4% in the first quarter. Prosperity Consulting Group LLC now owns 22,139 shares of the company’s stock valued at $507,000 after buying an additional 733 shares in the last quarter.
iShares U.S. Treasury Bond ETF Price Performance
GOVT traded up $0.03 during mid-day trading on Friday, hitting $22.08. 9,247,144 shares of the stock were exchanged, compared to its average volume of 10,752,455. The firm’s fifty day moving average is $22.19 and its two-hundred day moving average is $22.53. iShares U.S. Treasury Bond ETF has a 1-year low of $21.73 and a 1-year high of $23.39.
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.
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