MLG Wealth Management DBA Pine Grove Financial Group Has $15 Million Position in iShares U.S. Treasury Bond ETF $GOVT

MLG Wealth Management DBA Pine Grove Financial Group boosted its stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 15.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 658,297 shares of the company’s stock after purchasing an additional 89,661 shares during the quarter. iShares U.S. Treasury Bond ETF comprises about 1.5% of MLG Wealth Management DBA Pine Grove Financial Group’s holdings, making the stock its 18th biggest position. MLG Wealth Management DBA Pine Grove Financial Group owned 0.05% of iShares U.S. Treasury Bond ETF worth $14,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Farmers National Bank lifted its position in shares of iShares U.S. Treasury Bond ETF by 0.8% in the 1st quarter. Farmers National Bank now owns 58,081 shares of the company’s stock worth $1,331,000 after purchasing an additional 443 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of iShares U.S. Treasury Bond ETF by 5.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,828 shares of the company’s stock valued at $226,000 after buying an additional 485 shares during the period. Tradition Wealth Management LLC increased its position in shares of iShares U.S. Treasury Bond ETF by 4.3% during the fourth quarter. Tradition Wealth Management LLC now owns 12,656 shares of the company’s stock valued at $291,000 after buying an additional 524 shares during the period. Cornerstone Advisors Asset Management LLC raised its stake in iShares U.S. Treasury Bond ETF by 1.2% in the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 46,020 shares of the company’s stock worth $1,060,000 after buying an additional 532 shares in the last quarter. Finally, Collaborative Wealth Managment Inc. raised its stake in iShares U.S. Treasury Bond ETF by 5.6% in the first quarter. Collaborative Wealth Managment Inc. now owns 11,367 shares of the company’s stock worth $260,000 after buying an additional 607 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

Shares of GOVT opened at $22.35 on Tuesday. iShares U.S. Treasury Bond ETF has a one year low of $22.31 and a one year high of $23.39. The company has a 50-day simple moving average of $22.51 and a two-hundred day simple moving average of $22.74.

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.