Diversify Wealth Management LLC Sells 130,983 Shares of iShares U.S. Treasury Bond ETF $GOVT

Diversify Wealth Management LLC cut its stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 24.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 408,893 shares of the company’s stock after selling 130,983 shares during the quarter. Diversify Wealth Management LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $9,321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its position in iShares U.S. Treasury Bond ETF by 366.1% in the fourth quarter. JPMorgan Chase & Co. now owns 195,076,828 shares of the company’s stock valued at $4,491,644,000 after acquiring an additional 153,219,429 shares during the period. Jump Financial LLC acquired a new position in iShares U.S. Treasury Bond ETF during the third quarter worth $1,716,964,000. Bank of America Corp DE lifted its holdings in shares of iShares U.S. Treasury Bond ETF by 12.6% during the third quarter. Bank of America Corp DE now owns 362,138,521 shares of the company’s stock valued at $8,372,643,000 after acquiring an additional 40,633,910 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares U.S. Treasury Bond ETF by 2,261.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,244,325 shares of the company’s stock valued at $305,017,000 after acquiring an additional 12,683,472 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of iShares U.S. Treasury Bond ETF by 7.1% in the 4th quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock valued at $2,741,988,000 after purchasing an additional 7,886,409 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Down 0.1%

Shares of BATS:GOVT traded down $0.02 on Friday, hitting $22.58. The stock had a trading volume of 7,907,536 shares, compared to its average volume of 10,195,545. The firm’s 50 day moving average price is $22.70 and its 200-day moving average price is $22.90. iShares U.S. Treasury Bond ETF has a twelve month low of $22.47 and a twelve month high of $23.39.

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.