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

iShares U.S. Treasury Bond ETF (BATS:GOVT)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $22.32 and last traded at $22.35, with a volume of 249001 shares traded. The stock had previously closed at $22.44.

iShares U.S. Treasury Bond ETF Trading Down 0.4%

The stock’s fifty day moving average price is $22.56 and its 200-day moving average price is $22.77.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farmers National Bank lifted its holdings 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 valued at $1,331,000 after purchasing an additional 443 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of iShares U.S. Treasury Bond ETF by 1.4% during the fourth quarter. CENTRAL TRUST Co now owns 34,532 shares of the company’s stock valued at $795,000 after buying an additional 474 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in iShares U.S. Treasury Bond ETF by 5.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,828 shares of the company’s stock valued at $226,000 after buying an additional 485 shares during the period. Tradition Wealth Management LLC raised 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 buying an additional 524 shares during the period. Finally, Cornerstone Advisors Asset Management LLC lifted its stake in iShares U.S. Treasury Bond ETF by 1.2% in the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 46,020 shares of the company’s stock worth $1,060,000 after acquiring an additional 532 shares in the last quarter.

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.