Montecito Bank & Trust Has $11.65 Million Stock Holdings in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Montecito Bank & Trust reduced its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 1.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 506,980 shares of the company’s stock after selling 9,329 shares during the quarter. iShares U.S. Treasury Bond ETF makes up approximately 2.1% of Montecito Bank & Trust’s holdings, making the stock its 8th biggest position. Montecito Bank & Trust’s holdings in iShares U.S. Treasury Bond ETF were worth $11,653,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of iShares U.S. Treasury Bond ETF by 12.5% in the 4th quarter. Bank of America Corp DE now owns 423,933,669 shares of the company’s stock valued at $9,741,996,000 after buying an additional 47,213,558 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares U.S. Treasury Bond ETF by 5.0% in the 4th quarter. LPL Financial LLC now owns 113,104,408 shares of the company’s stock valued at $2,599,139,000 after buying an additional 5,340,900 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares U.S. Treasury Bond ETF by 5.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 71,528,583 shares of the company’s stock valued at $1,643,727,000 after buying an additional 3,539,745 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of iShares U.S. Treasury Bond ETF by 2.4% in the 4th quarter. Truist Financial Corp now owns 66,956,719 shares of the company’s stock valued at $1,538,665,000 after buying an additional 1,543,834 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Treasury Bond ETF by 343.4% in the 4th quarter. JPMorgan Chase & Co. now owns 49,365,745 shares of the company’s stock valued at $1,134,425,000 after buying an additional 38,232,721 shares during the last quarter.

iShares U.S. Treasury Bond ETF Price Performance

BATS GOVT opened at $22.70 on Monday. The firm has a 50 day moving average of $22.74 and a 200 day moving average of $22.71.

iShares U.S. Treasury Bond ETF 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.