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

iShares U.S. Treasury Bond ETF (BATS:GOVT)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $22.28 and last traded at $22.2850, with a volume of 1693240 shares. The stock had previously closed at $22.34.

iShares U.S. Treasury Bond ETF Stock Down 0.2%

The firm’s 50 day moving average is $22.50 and its 200-day moving average is $22.73.

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

Several institutional investors and hedge funds have recently modified their holdings of GOVT. Principal Securities Inc. lifted its position in shares of iShares U.S. Treasury Bond ETF by 37.7% during the fourth quarter. Principal Securities Inc. now owns 775,899 shares of the company’s stock worth $17,865,000 after purchasing an additional 212,482 shares in the last quarter. Atria Investments Inc grew its stake in iShares U.S. Treasury Bond ETF by 6.8% in the fourth quarter. Atria Investments Inc now owns 439,590 shares of the company’s stock worth $10,122,000 after purchasing an additional 28,069 shares in the last quarter. Bailard Inc. increased its holdings in shares of iShares U.S. Treasury Bond ETF by 20.5% in the 4th quarter. Bailard Inc. now owns 1,879,087 shares of the company’s stock valued at $43,266,000 after acquiring an additional 319,691 shares during the last quarter. Harbour Investments Inc. increased its stake in iShares U.S. Treasury Bond ETF by 110.7% during the fourth quarter. Harbour Investments Inc. now owns 78,574 shares of the company’s stock valued at $1,809,000 after purchasing an additional 41,274 shares during the last quarter. Finally, Prudential PLC boosted its holdings in shares of iShares U.S. Treasury Bond ETF by 48.7% in the 4th quarter. Prudential PLC now owns 546,882 shares of the company’s stock valued at $12,592,000 after buying an additional 179,105 shares during the period.

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.