Financial Management Network Inc. Increases Stock Position in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Financial Management Network Inc. lifted its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,097 shares of the company’s stock after acquiring an additional 40,883 shares during the period. iShares U.S. Treasury Bond ETF accounts for about 1.0% of Financial Management Network Inc.’s holdings, making the stock its 28th biggest position. Financial Management Network Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $4,625,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Joel Adams & Associates Inc. purchased a new position in shares of iShares U.S. Treasury Bond ETF during the fourth quarter worth approximately $500,000. Global Retirement Partners LLC grew its position in iShares U.S. Treasury Bond ETF by 2.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,142,796 shares of the company’s stock valued at $26,261,000 after buying an additional 22,422 shares during the last quarter. Schubert & Co purchased a new position in iShares U.S. Treasury Bond ETF in the 4th quarter valued at $238,000. Key Financial Inc grew its position in iShares U.S. Treasury Bond ETF by 1.8% in the 4th quarter. Key Financial Inc now owns 530,653 shares of the company’s stock valued at $12,194,000 after buying an additional 9,231 shares during the last quarter. Finally, Kestra Investment Management LLC grew its position in iShares U.S. Treasury Bond ETF by 5.1% in the 4th quarter. Kestra Investment Management LLC now owns 274,724 shares of the company’s stock valued at $6,313,000 after buying an additional 13,315 shares during the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

BATS:GOVT opened at $22.54 on Wednesday. The firm has a fifty day moving average price of $22.53 and a two-hundred day moving average price of $22.90.

iShares U.S. Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.0674 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06.

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.