iShares U.S. Treasury Bond ETF (BATS:GOVT) Reaches New 12-Month Low – Time to Sell?

Shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) reached a new 52-week low on Friday . The company traded as low as $22.42 and last traded at $22.44, with a volume of 539307 shares changing hands. The stock had previously closed at $22.50.

iShares U.S. Treasury Bond ETF Price Performance

The firm has a 50-day simple moving average of $22.65 and a 200-day simple moving average of $22.85.

Hedge Funds Weigh In On iShares U.S. Treasury Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GOVT. BTG Pactual Asset Management US LLC bought a new position in iShares U.S. Treasury Bond ETF in the third quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of iShares U.S. Treasury Bond ETF by 477.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 1,013 shares during the period. Toronto Dominion Bank purchased a new stake in shares of iShares U.S. Treasury Bond ETF in the 4th quarter worth $29,000. Raleigh Capital Management Inc. increased its stake in shares of iShares U.S. Treasury Bond ETF by 1,593.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,456 shares of the company’s stock worth $34,000 after purchasing an additional 1,370 shares in the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of iShares U.S. Treasury Bond ETF in the 4th quarter worth $40,000.

iShares U.S. Treasury Bond ETF Company 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.