Independent Advisor Alliance Has $241,000 Stock Holdings in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Independent Advisor Alliance cut its stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 97.4% during the first quarter, Holdings Channel reports. The firm owned 10,465 shares of the company’s stock after selling 393,222 shares during the quarter. Independent Advisor Alliance’s holdings in iShares U.S. Treasury Bond ETF were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cary Street Partners Investment Advisory LLC grew its holdings in shares of iShares U.S. Treasury Bond ETF by 17.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 3,145 shares of the company’s stock valued at $72,000 after buying an additional 467 shares in the last quarter. City State Bank grew its holdings in shares of iShares U.S. Treasury Bond ETF by 3.2% during the first quarter. City State Bank now owns 15,891 shares of the company’s stock valued at $365,000 after buying an additional 500 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of iShares U.S. Treasury Bond ETF by 2.5% during the first quarter. Cullen Frost Bankers Inc. now owns 20,748 shares of the company’s stock valued at $477,000 after buying an additional 508 shares in the last quarter. Retirement Wealth Solutions LLC grew its holdings in shares of iShares U.S. Treasury Bond ETF by 19.2% during the first quarter. Retirement Wealth Solutions LLC now owns 3,195 shares of the company’s stock valued at $73,000 after buying an additional 515 shares in the last quarter. Finally, World Investment Advisors grew its holdings in shares of iShares U.S. Treasury Bond ETF by 2.1% during the first quarter. World Investment Advisors now owns 26,556 shares of the company’s stock valued at $610,000 after buying an additional 535 shares in the last quarter.

iShares U.S. Treasury Bond ETF Trading Down 0.2%

Shares of GOVT stock opened at $22.86 on Friday. The company’s fifty day simple moving average is $22.80 and its two-hundred day simple moving average is $22.78.

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.