iShares U.S. Treasury Bond ETF (BATS:GOVT) Hits New 52-Week Low – Time to Sell?

iShares U.S. Treasury Bond ETF (BATS:GOVT)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $22.08 and last traded at $22.0750, with a volume of 578176 shares trading hands. The stock had previously closed at $22.19.

iShares U.S. Treasury Bond ETF Trading Down 0.7%

The firm has a 50-day simple moving average of $22.41 and a two-hundred day simple moving average of $22.66.

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

Several institutional investors and hedge funds have recently modified their holdings of GOVT. Bank of America Corp DE raised its holdings in iShares U.S. Treasury Bond ETF by 20.3% in the 1st quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock valued at $10,876,979,000 after acquiring an additional 80,062,969 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares U.S. Treasury Bond ETF by 366.1% in the fourth quarter. JPMorgan Chase & Co. now owns 195,076,828 shares of the company’s stock valued at $4,491,644,000 after purchasing an additional 153,219,429 shares during the period. LPL Financial LLC grew its position in shares of iShares U.S. Treasury Bond ETF by 7.1% in the fourth quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock valued at $2,741,988,000 after purchasing an additional 7,886,409 shares during the period. PNC Financial Services Group Inc. increased its stake in iShares U.S. Treasury Bond ETF by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 54,704,163 shares of the company’s stock valued at $1,253,272,000 after purchasing an additional 1,756,317 shares during the last quarter. Finally, TIAA Trust National Association increased its stake in iShares U.S. Treasury Bond ETF by 8.6% in the fourth quarter. TIAA Trust National Association now owns 35,617,520 shares of the company’s stock valued at $821,262,000 after purchasing an additional 2,830,697 shares during the last quarter.

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.