iShares U.S. Treasury Bond ETF $GOVT Stock Sold by Paragon Capital Management Inc.

Paragon Capital Management Inc. decreased its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 29.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,710 shares of the company’s stock after selling 57,498 shares during the quarter. iShares U.S. Treasury Bond ETF comprises about 2.2% of Paragon Capital Management Inc.’s portfolio, making the stock its 14th biggest holding. Paragon Capital Management Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $2,990,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Strive Financial Group LLC purchased a new position in shares of iShares U.S. Treasury Bond ETF in the second quarter worth about $32,000. Tompkins Financial Corp acquired a new position in iShares U.S. Treasury Bond ETF during the third quarter worth about $46,000. FLP Wealth Management LLC acquired a new position in iShares U.S. Treasury Bond ETF during the first quarter worth about $54,000. Value Investment Professionals LLC acquired a new position in iShares U.S. Treasury Bond ETF during the first quarter worth about $63,000. Finally, Cherry Tree Wealth Management LLC grew its stake in iShares U.S. Treasury Bond ETF by 27.0% during the 2nd quarter. Cherry Tree Wealth Management LLC now owns 2,893 shares of the company’s stock valued at $66,000 after acquiring an additional 615 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Up 0.5%

Shares of BATS GOVT opened at $22.05 on Friday. iShares U.S. Treasury Bond ETF has a 12-month low of $21.73 and a 12-month high of $23.39. The company has a 50-day moving average of $22.20 and a 200 day moving average of $22.53.

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.