Cornerstone National Bank & Trust Co Sells 73,758 Shares of iShares U.S. Treasury Bond ETF $GOVT

Cornerstone National Bank & Trust Co cut its stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 28.4% in the third quarter, Holdings Channel reports. The institutional investor owned 185,505 shares of the company’s stock after selling 73,758 shares during the period. iShares U.S. Treasury Bond ETF makes up about 1.3% of Cornerstone National Bank & Trust Co’s investment portfolio, making the stock its 22nd biggest holding. Cornerstone National Bank & Trust Co’s holdings in iShares U.S. Treasury Bond ETF were worth $4,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stewardship Advisors LLC grew its stake in shares of iShares U.S. Treasury Bond ETF by 8.4% during the third quarter. Stewardship Advisors LLC now owns 18,290 shares of the company’s stock valued at $400,000 after buying an additional 1,412 shares during the last quarter. Net Worth Advisory Group lifted its stake in shares of iShares U.S. Treasury Bond ETF by 9.7% during the 3rd quarter. Net Worth Advisory Group now owns 28,659 shares of the company’s stock worth $626,000 after acquiring an additional 2,532 shares during the last quarter. CFS Investment Advisory Services LLC lifted its stake in shares of iShares U.S. Treasury Bond ETF by 17.7% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 964,973 shares of the company’s stock worth $21,061,000 after acquiring an additional 145,321 shares during the last quarter. Maia Wealth LLC boosted its holdings in iShares U.S. Treasury Bond ETF by 44.7% during the 3rd quarter. Maia Wealth LLC now owns 212,752 shares of the company’s stock valued at $4,653,000 after acquiring an additional 65,699 shares during the period. Finally, Novem Group boosted its holdings in iShares U.S. Treasury Bond ETF by 48.6% during the 3rd quarter. Novem Group now owns 244,056 shares of the company’s stock valued at $5,337,000 after acquiring an additional 79,836 shares during the period.

iShares U.S. Treasury Bond ETF Stock Performance

GOVT stock traded up $0.03 during midday trading on Tuesday, reaching $22.04. The company’s stock had a trading volume of 4,198,960 shares, compared to its average volume of 10,707,315. iShares U.S. Treasury Bond ETF has a 1 year low of $21.73 and a 1 year high of $23.39. The stock has a fifty day simple moving average of $22.19 and a two-hundred day simple moving average of $22.52.

iShares U.S. Treasury Bond ETF 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.