iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ) Sets New 52-Week Low – Here’s Why

iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $33.85 and last traded at $34.08, with a volume of 270144 shares. The stock had previously closed at $35.16.

iShares 25+ Year Treasury STRIPS Bond ETF Stock Performance

The stock’s 50 day moving average price is $35.79 and its 200 day moving average price is $36.58.

Institutional Trading of iShares 25+ Year Treasury STRIPS Bond ETF

A hedge fund recently raised its stake in iShares 25+ Year Treasury STRIPS Bond ETF stock. JPMorgan Chase & Co. raised its stake in iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ) by 315.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,735 shares of the company’s stock after purchasing an additional 48,400 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of iShares 25+ Year Treasury STRIPS Bond ETF worth $620,000 at the end of the most recent reporting period.

iShares 25+ Year Treasury STRIPS Bond ETF Company Profile

The iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US separate trading of registered interest and principal securities (STRIPS), with remaining maturities of at least 25 years. GOVZ was launched on Sep 22, 2020 and is managed by BlackRock.