iShares U.S. Treasury Bond ETF (BATS:GOVT) Sets New 1-Year Low – Should You Sell?

iShares U.S. Treasury Bond ETF (BATS:GOVT) hit a new 52-week low on Tuesday . The company traded as low as $22.48 and last traded at $22.49, with a volume of 718600 shares changing hands. The stock had previously closed at $22.57.

iShares U.S. Treasury Bond ETF Price Performance

The stock’s fifty day simple moving average is $22.87 and its two-hundred day simple moving average is $23.03.

Institutional Investors Weigh In On iShares U.S. Treasury Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GOVT. BTG Pactual Asset Management US LLC acquired a new stake in iShares U.S. Treasury Bond ETF in the 3rd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in iShares U.S. Treasury Bond ETF by 477.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 1,013 shares during the last quarter. Lowe Brockenbrough & Co. Inc. purchased a new stake in iShares U.S. Treasury Bond ETF during the third quarter valued at about $29,000. Toronto Dominion Bank purchased a new stake in iShares U.S. Treasury Bond ETF during the fourth quarter valued at about $29,000. Finally, Hantz Financial Services Inc. purchased a new stake in iShares U.S. Treasury Bond ETF during the third quarter valued at about $32,000.

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.