Financial Discovery Group Inc. Takes Position in iShares 0-3 Month Treasury Bond ETF $SGOV

Financial Discovery Group Inc. purchased a new position in iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 121,331 shares of the company’s stock, valued at approximately $12,213,000. iShares 0-3 Month Treasury Bond ETF comprises approximately 28.5% of Financial Discovery Group Inc.’s investment portfolio, making the stock its biggest position.

A number of other hedge funds have also recently made changes to their positions in SGOV. Axxcess Wealth Management LLC boosted its position in iShares 0-3 Month Treasury Bond ETF by 379.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,256,065 shares of the company’s stock valued at $326,844,000 after purchasing an additional 2,576,728 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in iShares 0-3 Month Treasury Bond ETF by 129.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,141,877 shares of the company’s stock valued at $415,762,000 after purchasing an additional 2,335,616 shares during the last quarter. Cerity Partners LLC raised its holdings in iShares 0-3 Month Treasury Bond ETF by 111.8% in the fourth quarter. Cerity Partners LLC now owns 3,943,067 shares of the company’s stock worth $395,805,000 after purchasing an additional 2,081,395 shares in the last quarter. Robinhood Asset Management LLC bought a new position in iShares 0-3 Month Treasury Bond ETF in the fourth quarter worth about $177,740,000. Finally, Westerkirk Capital Inc. purchased a new stake in shares of iShares 0-3 Month Treasury Bond ETF during the fourth quarter valued at about $152,955,000.

iShares 0-3 Month Treasury Bond ETF Price Performance

SGOV stock opened at $100.58 on Friday. iShares 0-3 Month Treasury Bond ETF has a one year low of $100.27 and a one year high of $100.74. The firm has a 50-day simple moving average of $100.54 and a two-hundred day simple moving average of $100.52.

iShares 0-3 Month Treasury Bond ETF Profile

The iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasurys maturing in less than or equal to three months. SGOV was launched on May 26, 2020 and is managed by BlackRock.