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

iShares U.S. Treasury Bond ETF (BATS:GOVT) reached a new 52-week low during trading on Thursday . The company traded as low as $22.43 and last traded at $22.45, with a volume of 144059 shares. The stock had previously closed at $22.50.

iShares U.S. Treasury Bond ETF Trading Down 0.2%

The firm has a fifty day moving average price of $22.66 and a two-hundred day moving average price of $22.88.

Institutional Trading of iShares U.S. Treasury Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GOVT. Jane Street Group LLC grew its holdings in shares of iShares U.S. Treasury Bond ETF by 365.6% during the first quarter. Jane Street Group LLC now owns 366,986 shares of the company’s stock valued at $8,435,000 after buying an additional 288,160 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in iShares U.S. Treasury Bond ETF in the 2nd quarter worth approximately $523,000. Peapack Gladstone Financial Corp bought a new position in iShares U.S. Treasury Bond ETF in the 2nd quarter valued at approximately $217,000. Raymond James Financial Inc. lifted its position in iShares U.S. Treasury Bond ETF by 48.7% in the 2nd quarter. Raymond James Financial Inc. now owns 2,346,330 shares of the company’s stock valued at $53,919,000 after acquiring an additional 768,431 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in iShares U.S. Treasury Bond ETF by 11.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,744,707 shares of the company’s stock valued at $132,038,000 after acquiring an additional 577,005 shares in the last quarter.

About iShares U.S. Treasury Bond ETF

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.