iShares U.S. Treasury Bond ETF (BATS:GOVT) Sets New 52-Week Low – Here’s What Happened

iShares U.S. Treasury Bond ETF (BATS:GOVT)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $22.28 and last traded at $22.2850, with a volume of 1693240 shares traded. The stock had previously closed at $22.34.

iShares U.S. Treasury Bond ETF Stock Down 0.6%

The company’s 50 day moving average price is $22.49 and its 200 day moving average price is $22.72.

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

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of iShares U.S. Treasury Bond ETF by 366.1% during the 4th quarter. JPMorgan Chase & Co. now owns 195,076,828 shares of the company’s stock valued at $4,491,644,000 after acquiring an additional 153,219,429 shares during the period. Bank of America Corp DE grew its holdings in shares of iShares U.S. Treasury Bond ETF by 20.3% in the 1st quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock worth $10,876,979,000 after acquiring an additional 80,062,969 shares during the period. Jump Financial LLC purchased a new position in iShares U.S. Treasury Bond ETF in the 3rd quarter valued at approximately $1,716,964,000. Northwestern Mutual Wealth Management Co. increased its stake in iShares U.S. Treasury Bond ETF by 2,261.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,244,325 shares of the company’s stock valued at $305,017,000 after purchasing an additional 12,683,472 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in iShares U.S. Treasury Bond ETF by 7.1% during the fourth quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock worth $2,741,988,000 after purchasing an additional 7,886,409 shares during 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.