Marks Group Wealth Management Inc Purchases New Position in iShares U.S. Treasury Bond ETF $GOVT

Marks Group Wealth Management Inc purchased a new stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) during the first quarter, HoldingsChannel.com reports. The firm purchased 64,857 shares of the company’s stock, valued at approximately $1,486,000.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of iShares U.S. Treasury Bond ETF by 211.2% in the first quarter. Bank of New York Mellon Corp now owns 6,702,133 shares of the company’s stock valued at $153,546,000 after acquiring an additional 4,548,373 shares during the last quarter. Pacific Wealth Management grew its position in iShares U.S. Treasury Bond ETF by 4.4% during the 1st quarter. Pacific Wealth Management now owns 630,424 shares of the company’s stock worth $14,443,000 after acquiring an additional 26,339 shares during the last quarter. Theory Financial LLC increased its holdings in iShares U.S. Treasury Bond ETF by 700.9% during the 1st quarter. Theory Financial LLC now owns 144,851 shares of the company’s stock valued at $3,319,000 after purchasing an additional 126,764 shares in the last quarter. Collaborative Wealth Managment Inc. increased its holdings in iShares U.S. Treasury Bond ETF by 5.6% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 11,367 shares of the company’s stock valued at $260,000 after purchasing an additional 607 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in iShares U.S. Treasury Bond ETF by 119.3% in the 1st quarter. Sanctuary Advisors LLC now owns 4,042,192 shares of the company’s stock valued at $92,607,000 after purchasing an additional 2,198,721 shares during the last quarter.

iShares U.S. Treasury Bond ETF Trading Down 0.0%

Shares of GOVT opened at $22.60 on Friday. The stock has a fifty day moving average price of $22.68 and a two-hundred day moving average price of $22.89. iShares U.S. Treasury Bond ETF has a 52-week low of $22.47 and a 52-week high of $23.39.

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.