iShares U.S. Treasury Bond ETF (BATS:GOVT) Hits New 1-Year Low – What’s Next?

iShares U.S. Treasury Bond ETF (BATS:GOVT)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.40 and last traded at $22.42, with a volume of 309726 shares. The stock had previously closed at $22.43.

iShares U.S. Treasury Bond ETF Price Performance

The firm’s fifty day moving average price is $22.60 and its 200 day moving average price is $22.81.

Hedge Funds Weigh In On iShares U.S. Treasury Bond ETF

Several institutional investors have recently bought and sold shares of GOVT. Farmers National Bank raised its stake in 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 buying an additional 443 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of iShares U.S. Treasury Bond ETF by 1.4% in the 4th quarter. CENTRAL TRUST Co now owns 34,532 shares of the company’s stock valued at $795,000 after acquiring an additional 474 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of 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 acquiring an additional 485 shares in the last quarter. Tradition Wealth Management LLC raised its position in shares of iShares U.S. Treasury Bond ETF by 4.3% in the 4th quarter. Tradition Wealth Management LLC now owns 12,656 shares of the company’s stock worth $291,000 after acquiring an additional 524 shares in the last quarter. Finally, Cornerstone Advisors Asset Management LLC lifted its stake in shares of iShares U.S. Treasury Bond ETF by 1.2% during the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 46,020 shares of the company’s stock worth $1,060,000 after purchasing an additional 532 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.