Redwood Investment Management LLC Purchases 77,645 Shares of iShares U.S. Treasury Bond ETF $GOVT

Redwood Investment Management LLC grew its position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 655.8% in the first quarter, Holdings Channel reports. The firm owned 89,484 shares of the company’s stock after purchasing an additional 77,645 shares during the period. Redwood Investment Management LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $2,050,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of iShares U.S. Treasury Bond ETF by 20.3% in the first quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock worth $10,876,979,000 after buying an additional 80,062,969 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares U.S. Treasury Bond ETF by 366.1% during the fourth quarter. JPMorgan Chase & Co. now owns 195,076,828 shares of the company’s stock worth $4,491,644,000 after buying an additional 153,219,429 shares in the last quarter. LPL Financial LLC grew its position in iShares U.S. Treasury Bond ETF by 7.1% during the fourth quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock worth $2,741,988,000 after buying an additional 7,886,409 shares in the last quarter. Jump Financial LLC bought a new position in iShares U.S. Treasury Bond ETF in the 3rd quarter worth about $1,716,964,000. Finally, Truist Financial Corp increased its stake in iShares U.S. Treasury Bond ETF by 3.4% in the 4th quarter. Truist Financial Corp now owns 71,006,495 shares of the company’s stock worth $1,634,925,000 after acquiring an additional 2,302,272 shares during the last quarter.

iShares U.S. Treasury Bond ETF Price Performance

BATS:GOVT opened at $22.45 on Monday. The business’s 50-day moving average price is $22.65 and its two-hundred day moving average price is $22.85. iShares U.S. Treasury Bond ETF has a twelve month low of $22.41 and a twelve month high of $23.39.

iShares U.S. Treasury Bond ETF Company 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.