Focus Financial Network Inc. Has $1.59 Million Stake in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Focus Financial Network Inc. grew its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,394 shares of the company’s stock after purchasing an additional 7,529 shares during the period. Focus Financial Network Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $1,586,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SteelPeak Wealth LLC raised its position in shares of iShares U.S. Treasury Bond ETF by 0.3% in the 2nd quarter. SteelPeak Wealth LLC now owns 142,582 shares of the company’s stock valued at $3,218,000 after buying an additional 441 shares in the last quarter. TrueWealth Advisors LLC lifted its stake in iShares U.S. Treasury Bond ETF by 4.5% during the first quarter. TrueWealth Advisors LLC now owns 11,077 shares of the company’s stock worth $252,000 after purchasing an additional 474 shares during the last quarter. Invera Wealth Advisors LLC lifted its stake in iShares U.S. Treasury Bond ETF by 3.0% during the first quarter. Invera Wealth Advisors LLC now owns 16,802 shares of the company’s stock worth $373,000 after purchasing an additional 482 shares during the last quarter. Magnolia Capital Advisors LLC boosted its holdings in shares of iShares U.S. Treasury Bond ETF by 4.5% in the 1st quarter. Magnolia Capital Advisors LLC now owns 14,125 shares of the company’s stock valued at $314,000 after purchasing an additional 606 shares in the last quarter. Finally, RHS Financial LLC increased its stake in shares of iShares U.S. Treasury Bond ETF by 1.6% in the 1st quarter. RHS Financial LLC now owns 38,373 shares of the company’s stock valued at $874,000 after purchasing an additional 608 shares during the last quarter.

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

Shares of GOVT stock traded up $0.08 on Wednesday, hitting $23.33. 6,632,015 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $22.85 and its 200 day moving average is $22.61.

iShares U.S. Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a $0.0606 dividend. This is a positive change from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06. The ex-dividend date was Monday, July 1st.

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.