Montecito Bank & Trust Takes $12.07 Million Position in iShares U.S. Treasury Bond ETF $GOVT

Montecito Bank & Trust purchased a new position in iShares U.S. Treasury Bond ETF (BATS:GOVT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 521,927 shares of the company’s stock, valued at approximately $12,067,000. iShares U.S. Treasury Bond ETF makes up about 1.9% of Montecito Bank & Trust’s investment portfolio, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOVT. Bank of America Corp DE lifted its position in iShares U.S. Treasury Bond ETF by 2.8% in the 2nd quarter. Bank of America Corp DE now owns 321,504,611 shares of the company’s stock worth $7,388,176,000 after buying an additional 8,760,376 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares U.S. Treasury Bond ETF by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 74,588,153 shares of the company’s stock valued at $1,714,024,000 after acquiring an additional 470,264 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of iShares U.S. Treasury Bond ETF by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 41,157,180 shares of the company’s stock worth $945,792,000 after acquiring an additional 121,143 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares U.S. Treasury Bond ETF by 7.4% during the second quarter. JPMorgan Chase & Co. now owns 40,314,805 shares of the company’s stock worth $926,434,000 after acquiring an additional 2,794,537 shares in the last quarter. Finally, TIAA Trust National Association boosted its position in iShares U.S. Treasury Bond ETF by 17,484.2% during the second quarter. TIAA Trust National Association now owns 30,751,087 shares of the company’s stock valued at $705,040,000 after purchasing an additional 30,576,208 shares during the last quarter.

iShares U.S. Treasury Bond ETF Trading Down 0.0%

Shares of BATS GOVT opened at $23.09 on Thursday. The company has a 50 day moving average price of $23.18 and a 200-day moving average price of $22.99.

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.