iShares U.S. Treasury Bond ETF $GOVT Stock Sold by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. reduced its stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 62.3% during the third quarter, HoldingsChannel reports. The firm owned 25,542 shares of the company’s stock after selling 42,131 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in iShares U.S. Treasury Bond ETF were worth $559,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE raised its position in iShares U.S. Treasury Bond ETF by 20.3% during the 1st quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock worth $10,876,979,000 after purchasing an additional 80,062,969 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Treasury Bond ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 167,199,210 shares of the company’s stock valued at $3,808,755,000 after buying an additional 13,304,992 shares during the period. PNC Financial Services Group Inc. raised its position in shares of iShares U.S. Treasury Bond ETF by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 54,704,163 shares of the company’s stock worth $1,253,272,000 after acquiring an additional 1,756,317 shares during the last quarter. Assetmark Inc. raised its position in shares of iShares U.S. Treasury Bond ETF by 4.7% during the first quarter. Assetmark Inc. now owns 26,176,498 shares of the company’s stock worth $599,704,000 after acquiring an additional 1,186,252 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of iShares U.S. Treasury Bond ETF by 144.8% in the first quarter. Cetera Investment Advisers now owns 10,135,363 shares of the company’s stock worth $232,201,000 after acquiring an additional 5,995,250 shares during the period.

iShares U.S. Treasury Bond ETF Stock Performance

GOVT stock traded down $0.02 during trading on Friday, hitting $22.31. The company had a trading volume of 12,384,763 shares, compared to its average volume of 10,720,471. The business has a 50-day moving average of $22.11 and a 200-day moving average of $22.62. iShares U.S. Treasury Bond ETF has a one year low of $21.73 and a one year high of $23.39.

About iShares U.S. Treasury Bond ETF

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.