Montecito Bank & Trust Lowers Position in iShares U.S. Treasury Bond ETF $GOVT

Montecito Bank & Trust lessened its stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 498,425 shares of the company’s stock after selling 23,502 shares during the period. iShares U.S. Treasury Bond ETF accounts for about 1.8% of Montecito Bank & Trust’s investment portfolio, making the stock its 12th biggest holding. Montecito Bank & Trust’s holdings in iShares U.S. Treasury Bond ETF were worth $11,476,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE lifted its position in shares of iShares U.S. Treasury Bond ETF by 12.6% during the 3rd quarter. Bank of America Corp DE now owns 362,138,521 shares of the company’s stock valued at $8,372,643,000 after buying an additional 40,633,910 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares U.S. Treasury Bond ETF by 2.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 76,659,922 shares of the company’s stock valued at $1,772,377,000 after acquiring an additional 2,071,769 shares during the period. Jump Financial LLC purchased a new stake in iShares U.S. Treasury Bond ETF in the 3rd quarter worth approximately $1,716,964,000. PNC Financial Services Group Inc. raised its stake in iShares U.S. Treasury Bond ETF by 17.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,268,533 shares of the company’s stock worth $1,115,968,000 after acquiring an additional 7,111,353 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in iShares U.S. Treasury Bond ETF by 3.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,857,399 shares of the company’s stock worth $967,743,000 after acquiring an additional 1,542,594 shares during the period.

iShares U.S. Treasury Bond ETF Stock Up 0.3%

Shares of BATS:GOVT opened at $22.85 on Tuesday. iShares U.S. Treasury Bond ETF has a 1-year low of $22.48 and a 1-year high of $23.39. The firm’s 50 day simple moving average is $23.08 and its two-hundred day simple moving average is $23.12.

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.