SVB Wealth LLC Takes $285,000 Position in iShares U.S. Treasury Bond ETF (BATS:GOVT)

SVB Wealth LLC acquired a new stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 12,405 shares of the company’s stock, valued at approximately $285,000.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of iShares U.S. Treasury Bond ETF by 5.3% in the third 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 period. Allspring Global Investments Holdings LLC increased its holdings in shares of iShares U.S. Treasury Bond ETF by 2.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 334,455 shares of the company’s stock valued at $7,686,000 after purchasing an additional 8,101 shares during the period. Harbour Investments Inc. increased its holdings in shares of iShares U.S. Treasury Bond ETF by 1.8% in the third quarter. Harbour Investments Inc. now owns 66,781 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,209 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Treasury Bond ETF by 34.2% in the third quarter. JPMorgan Chase & Co. now owns 11,133,024 shares of the company’s stock valued at $261,069,000 after purchasing an additional 2,837,004 shares during the period. Finally, Dodds Wealth LLC increased its holdings in shares of iShares U.S. Treasury Bond ETF by 3.2% in the fourth quarter. Dodds Wealth LLC now owns 1,006,500 shares of the company’s stock valued at $22,626,000 after purchasing an additional 31,125 shares during the period.

iShares U.S. Treasury Bond ETF Trading Down 0.4 %

Shares of GOVT stock opened at $22.84 on Thursday. The company has a fifty day moving average price of $22.56 and a 200-day moving average price of $22.87.

iShares U.S. Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a $0.0613 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

iShares U.S. Treasury Bond ETF Company 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.