iShares 0-3 Month Treasury Bond ETF $SGOV Stock: Pinion Investment Advisors LLC Raises Position

Pinion Investment Advisors LLC raised its position in iShares 0-3 Month Treasury Bond ETF (NYSE:SGOV) by 84.9% in the third quarter, Holdings Channel reports. The fund owned 240,070 shares of the company’s stock after buying an additional 110,233 shares during the period. iShares 0-3 Month Treasury Bond ETF makes up approximately 4.3% of Pinion Investment Advisors LLC’s portfolio, making the stock its 4th biggest holding. Pinion Investment Advisors LLC’s holdings in iShares 0-3 Month Treasury Bond ETF were worth $24,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SGOV. Bank of America Corp DE lifted its position in shares of iShares 0-3 Month Treasury Bond ETF by 13.2% during the 1st quarter. Bank of America Corp DE now owns 12,170,491 shares of the company’s stock worth $1,225,082,000 after purchasing an additional 1,420,276 shares during the last quarter. Confluence Investment Management LLC increased its holdings in iShares 0-3 Month Treasury Bond ETF by 59.0% in the second quarter. Confluence Investment Management LLC now owns 2,788,012 shares of the company’s stock valued at $280,669,000 after buying an additional 1,034,498 shares during the last quarter. Royal Bank of Canada increased its holdings in iShares 0-3 Month Treasury Bond ETF by 14.5% in the first quarter. Royal Bank of Canada now owns 2,691,521 shares of the company’s stock valued at $270,929,000 after buying an additional 341,164 shares during the last quarter. Cetera Investment Advisers increased its holdings in iShares 0-3 Month Treasury Bond ETF by 12.3% in the first quarter. Cetera Investment Advisers now owns 2,142,221 shares of the company’s stock valued at $215,636,000 after buying an additional 234,797 shares during the last quarter. Finally, CX Institutional increased its holdings in iShares 0-3 Month Treasury Bond ETF by 60.9% in the second quarter. CX Institutional now owns 1,847,279 shares of the company’s stock valued at $185,966,000 after buying an additional 699,472 shares during the last quarter.

iShares 0-3 Month Treasury Bond ETF Stock Performance

iShares 0-3 Month Treasury Bond ETF stock opened at $100.50 on Tuesday. iShares 0-3 Month Treasury Bond ETF has a 1-year low of $100.27 and a 1-year high of $100.74. The stock’s fifty day moving average is $100.55 and its two-hundred day moving average is $100.54.

iShares 0-3 Month Treasury Bond ETF Profile

The iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasurys maturing in less than or equal to three months. SGOV was launched on May 26, 2020 and is managed by BlackRock.