iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ) Stock Price Down 9.1% – Here’s What Happened

iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ)’s stock price traded down 9.1% during trading on Tuesday . The company traded as low as $10.02 and last traded at $9.69. 3,091,070 shares traded hands during mid-day trading, an increase of 370% from the average session volume of 657,571 shares. The stock had previously closed at $10.66.

iShares 25+ Year Treasury STRIPS Bond ETF Stock Performance

The company’s 50 day simple moving average is $10.12 and its two-hundred day simple moving average is $10.36.

iShares 25+ Year Treasury STRIPS Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.0374 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares 25+ Year Treasury STRIPS Bond ETF

An institutional investor recently raised its position in iShares 25+ Year Treasury STRIPS Bond ETF stock. JPMorgan Chase & Co. increased its stake in shares of iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ) by 136.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,487 shares of the company’s stock after buying an additional 63,839 shares during the period. JPMorgan Chase & Co. owned 0.59% of iShares 25+ Year Treasury STRIPS Bond ETF worth $1,092,000 at the end of the most recent quarter.

About iShares 25+ Year Treasury STRIPS Bond ETF

The iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US separate trading of registered interest and principal securities (STRIPS), with remaining maturities of at least 25 years.