Pacific Wealth Management Trims Position in iShares U.S. Treasury Bond ETF $GOVT

Pacific Wealth Management reduced its stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 26.4% during the third quarter, Holdings Channel.com reports. The firm owned 497,893 shares of the company’s stock after selling 178,586 shares during the period. iShares U.S. Treasury Bond ETF accounts for about 8.8% of Pacific Wealth Management’s portfolio, making the stock its 3rd largest position. Pacific Wealth Management’s holdings in iShares U.S. Treasury Bond ETF were worth $10,889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of iShares U.S. Treasury Bond ETF by 20.3% during the first quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock valued at $10,876,979,000 after purchasing an additional 80,062,969 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Treasury Bond ETF by 366.1% in the fourth quarter. JPMorgan Chase & Co. now owns 195,076,828 shares of the company’s stock worth $4,491,644,000 after buying an additional 153,219,429 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Treasury Bond ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 167,199,210 shares of the company’s stock worth $3,808,755,000 after buying an additional 13,304,992 shares during the period. LPL Financial LLC raised its holdings in iShares U.S. Treasury Bond ETF by 7.1% during the 4th quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock valued at $2,741,988,000 after buying an additional 7,886,409 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in iShares U.S. Treasury Bond ETF by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 54,704,163 shares of the company’s stock valued at $1,253,272,000 after buying an additional 1,756,317 shares during the last quarter.

iShares U.S. Treasury Bond ETF Trading Down 0.1%

GOVT traded down $0.02 during trading on Monday, hitting $21.79. 19,888,994 shares of the stock traded hands, compared to its average volume of 10,626,298. iShares U.S. Treasury Bond ETF has a 12-month low of $21.73 and a 12-month high of $23.39. The firm has a 50-day moving average of $22.31 and a 200 day moving average of $22.59.

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.