Cutler Investment Counsel LLC Has $20.97 Million Stock Holdings in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Cutler Investment Counsel LLC boosted its holdings in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 912,493 shares of the company’s stock after acquiring an additional 102,038 shares during the quarter. iShares U.S. Treasury Bond ETF accounts for about 2.6% of Cutler Investment Counsel LLC’s investment portfolio, making the stock its 11th biggest position. Cutler Investment Counsel LLC owned about 0.08% of iShares U.S. Treasury Bond ETF worth $20,969,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GOVT. Union Bancaire Privee UBP SA acquired a new stake in iShares U.S. Treasury Bond ETF during the fourth quarter valued at approximately $25,000. PSI Advisors LLC bought a new position in shares of iShares U.S. Treasury Bond ETF during the 4th quarter worth approximately $34,000. St. Johns Investment Management Company LLC acquired a new stake in iShares U.S. Treasury Bond ETF in the 3rd quarter valued at $38,000. Glen Eagle Advisors LLC grew its position in iShares U.S. Treasury Bond ETF by 55.2% in the third quarter. Glen Eagle Advisors LLC now owns 1,687 shares of the company’s stock valued at $40,000 after acquiring an additional 600 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in iShares U.S. Treasury Bond ETF by 123.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,777 shares of the company’s stock worth $41,000 after acquiring an additional 980 shares in the last quarter.

iShares U.S. Treasury Bond ETF Price Performance

Shares of BATS GOVT opened at $22.63 on Monday. The firm’s 50-day moving average is $22.54 and its two-hundred day moving average is $22.91.

iShares U.S. Treasury Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.0674 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06.

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.