Financial Advocates Investment Management Acquires 57,872 Shares of iShares U.S. Treasury Bond ETF (BATS:GOVT)

Financial Advocates Investment Management grew its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 6.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,009,236 shares of the company’s stock after acquiring an additional 57,872 shares during the period. iShares U.S. Treasury Bond ETF makes up 1.3% of Financial Advocates Investment Management’s investment portfolio, making the stock its 9th largest holding. Financial Advocates Investment Management’s holdings in iShares U.S. Treasury Bond ETF were worth $23,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOVT. Franklin Resources Inc. boosted its stake in iShares U.S. Treasury Bond ETF by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,228 shares of the company’s stock valued at $626,000 after purchasing an additional 1,380 shares during the last quarter. Raymond James & Associates boosted its position in shares of iShares U.S. Treasury Bond ETF by 40.5% during the third quarter. Raymond James & Associates now owns 577,572 shares of the company’s stock valued at $13,544,000 after buying an additional 166,466 shares during the last quarter. Signaturefd LLC grew its holdings in iShares U.S. Treasury Bond ETF by 766.7% during the third quarter. Signaturefd LLC now owns 10,140 shares of the company’s stock worth $238,000 after buying an additional 8,970 shares in the last quarter. Harbour Investments Inc. raised its position in iShares U.S. Treasury Bond ETF by 1.8% in the 3rd quarter. Harbour Investments Inc. now owns 66,781 shares of the company’s stock valued at $1,566,000 after buying an additional 1,209 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in iShares U.S. Treasury Bond ETF by 34.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,133,024 shares of the company’s stock valued at $261,069,000 after acquiring an additional 2,837,004 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

GOVT opened at $22.67 on Thursday. The firm’s fifty day moving average price is $22.59 and its 200-day moving average price is $22.92.

iShares U.S. Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.0674 per share. The ex-dividend date is Monday, February 3rd. This is a boost from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06.

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.