iShares U.S. Treasury Bond ETF (BATS:GOVT) Sets New 1-Year Low – What’s Next?

iShares U.S. Treasury Bond ETF (BATS:GOVT) reached a new 52-week low during trading on Wednesday . The company traded as low as $22.28 and last traded at $22.2850, with a volume of 1693240 shares trading hands. The stock had previously closed at $22.34.

iShares U.S. Treasury Bond ETF Price Performance

The business has a 50-day simple moving average of $22.50 and a two-hundred day simple moving average of $22.73.

Institutional Investors Weigh In On iShares U.S. Treasury Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of GOVT. Principal Securities Inc. lifted its stake in iShares U.S. Treasury Bond ETF by 37.7% during the fourth quarter. Principal Securities Inc. now owns 775,899 shares of the company’s stock valued at $17,865,000 after buying an additional 212,482 shares in the last quarter. Atria Investments Inc raised its holdings in shares of iShares U.S. Treasury Bond ETF by 6.8% during the fourth quarter. Atria Investments Inc now owns 439,590 shares of the company’s stock valued at $10,122,000 after acquiring an additional 28,069 shares during the period. Bailard Inc. lifted its position in shares of iShares U.S. Treasury Bond ETF by 20.5% in the 4th quarter. Bailard Inc. now owns 1,879,087 shares of the company’s stock valued at $43,266,000 after acquiring an additional 319,691 shares in the last quarter. Harbour Investments Inc. boosted its stake in iShares U.S. Treasury Bond ETF by 110.7% in the 4th quarter. Harbour Investments Inc. now owns 78,574 shares of the company’s stock worth $1,809,000 after purchasing an additional 41,274 shares during the period. Finally, Prudential PLC boosted its stake in iShares U.S. Treasury Bond ETF by 48.7% in the 4th quarter. Prudential PLC now owns 546,882 shares of the company’s stock worth $12,592,000 after purchasing an additional 179,105 shares during the period.

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.