Morningstar Investment Management LLC Grows Stake in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Morningstar Investment Management LLC lifted its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 49.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,124,464 shares of the company’s stock after acquiring an additional 4,347,422 shares during the period. iShares U.S. Treasury Bond ETF accounts for approximately 23.8% of Morningstar Investment Management LLC’s portfolio, making the stock its biggest holding. Morningstar Investment Management LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $301,600,000 at the end of the most recent quarter.

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

iShares U.S. Treasury Bond ETF Price Performance

Shares of BATS GOVT opened at $22.57 on Thursday. The firm’s 50-day moving average price is $22.52 and its two-hundred day moving average price is $22.90.

iShares U.S. Treasury Bond ETF Increases Dividend

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

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.