iShares U.S. Treasury Bond ETF $GOVT is Drive Wealth Management LLC’s 10th Largest Position

Drive Wealth Management LLC grew its stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 3.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 378,760 shares of the company’s stock after buying an additional 13,661 shares during the period. iShares U.S. Treasury Bond ETF comprises approximately 1.9% of Drive Wealth Management LLC’s holdings, making the stock its 10th biggest position. Drive Wealth Management LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $8,704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BOS Asset Management LLC increased its position in iShares U.S. Treasury Bond ETF by 1.8% in the first quarter. BOS Asset Management LLC now owns 24,857 shares of the company’s stock worth $571,000 after buying an additional 447 shares in the last quarter. GDS Wealth Management grew its position in shares of iShares U.S. Treasury Bond ETF by 4.3% during the first quarter. GDS Wealth Management now owns 11,203 shares of the company’s stock worth $258,000 after purchasing an additional 461 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its position in shares of iShares U.S. Treasury Bond ETF by 17.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 3,145 shares of the company’s stock worth $72,000 after purchasing an additional 467 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of iShares U.S. Treasury Bond ETF by 17.2% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,313 shares of the company’s stock worth $76,000 after purchasing an additional 486 shares in the last quarter. Finally, SWP Financial LLC grew its position in shares of iShares U.S. Treasury Bond ETF by 0.6% during the second quarter. SWP Financial LLC now owns 83,865 shares of the company’s stock worth $1,927,000 after purchasing an additional 506 shares in the last quarter.

iShares U.S. Treasury Bond ETF Price Performance

BATS:GOVT opened at $23.28 on Monday. The stock’s 50-day simple moving average is $23.05 and its 200-day simple moving average is $22.87.

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.