iShares U.S. Treasury Bond ETF (BATS:GOVT) Reaches New 52-Week Low – Here’s What Happened

iShares U.S. Treasury Bond ETF (BATS:GOVT)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $22.42 and last traded at $22.44, with a volume of 539307 shares. The stock had previously closed at $22.50.

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

The firm has a 50 day simple moving average of $22.65 and a two-hundred day simple moving average of $22.85.

Institutional Trading of iShares U.S. Treasury Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of GOVT. Farmers National Bank grew its stake in shares of iShares U.S. Treasury Bond ETF by 0.8% in the first quarter. Farmers National Bank now owns 58,081 shares of the company’s stock worth $1,331,000 after acquiring an additional 443 shares during the period. CENTRAL TRUST Co boosted its holdings in iShares U.S. Treasury Bond ETF by 1.4% in the fourth quarter. CENTRAL TRUST Co now owns 34,532 shares of the company’s stock worth $795,000 after purchasing an additional 474 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in iShares U.S. Treasury Bond ETF by 5.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,828 shares of the company’s stock worth $226,000 after purchasing an additional 485 shares during the period. Signature Resources Capital Management LLC raised its stake in iShares U.S. Treasury Bond ETF by 8.3% during the 4th quarter. Signature Resources Capital Management LLC now owns 6,784 shares of the company’s stock valued at $156,000 after buying an additional 521 shares during the last quarter. Finally, Tradition Wealth Management LLC raised its stake in iShares U.S. Treasury Bond ETF by 4.3% during the 4th quarter. Tradition Wealth Management LLC now owns 12,656 shares of the company’s stock valued at $291,000 after buying an additional 524 shares during the last quarter.

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.