814,587 Shares in iShares U.S. Treasury Bond ETF $GOVT Purchased by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. bought a new stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 814,587 shares of the company’s stock, valued at approximately $17,815,000. iShares U.S. Treasury Bond ETF makes up approximately 2.7% of Schmidt P J Investment Management Inc.’s investment portfolio, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOVT. Gibbs Wealth Management boosted its position in shares of iShares U.S. Treasury Bond ETF by 12.8% during the 3rd quarter. Gibbs Wealth Management now owns 966,935 shares of the company’s stock valued at $21,147,000 after acquiring an additional 109,903 shares in the last quarter. MLG Wealth Management DBA Pine Grove Financial Group increased its stake in iShares U.S. Treasury Bond ETF by 15.8% in the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 658,297 shares of the company’s stock valued at $14,996,000 after acquiring an additional 89,661 shares during the period. Wedmont Private Capital increased its stake in iShares U.S. Treasury Bond ETF by 6.9% in the second quarter. Wedmont Private Capital now owns 4,672,099 shares of the company’s stock valued at $105,519,000 after acquiring an additional 301,698 shares during the period. Cassilly Financial Group LLC raised its position in iShares U.S. Treasury Bond ETF by 192.2% in the second quarter. Cassilly Financial Group LLC now owns 136,043 shares of the company’s stock worth $3,099,000 after purchasing an additional 89,489 shares in the last quarter. Finally, KWB Wealth raised its position in iShares U.S. Treasury Bond ETF by 1,245.0% in the second quarter. KWB Wealth now owns 242,255 shares of the company’s stock worth $5,519,000 after purchasing an additional 224,243 shares in the last quarter.

iShares U.S. Treasury Bond ETF Price Performance

Shares of GOVT opened at $22.27 on Thursday. iShares U.S. Treasury Bond ETF has a 1 year low of $21.73 and a 1 year high of $23.39. The stock has a 50 day simple moving average of $22.12 and a 200-day simple moving average of $22.63.

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.