iShares International Treasury Bond ETF (NASDAQ:IGOV) Sets New 12-Month Low – Here’s Why

iShares International Treasury Bond ETF (NASDAQ:IGOV) reached a new 52-week low on Wednesday. The company traded as low as $39.44 and last traded at $39.5210, with a volume of 12,060 shares traded. The stock had previously closed at $39.79.

iShares International Treasury Bond ETF Stock Down 0.6%

The company has a fifty day simple moving average of $40.75 and a 200-day simple moving average of $41.10.

Institutional Investors Weigh In On iShares International Treasury Bond ETF

A number of hedge funds have recently modified their holdings of IGOV. Patriot Financial Group Insurance Agency LLC boosted its stake in iShares International Treasury Bond ETF by 108.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 319,386 shares of the company’s stock valued at $13,114,000 after acquiring an additional 166,083 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares International Treasury Bond ETF by 50.9% in the first quarter. Bank of America Corp DE now owns 276,328 shares of the company’s stock valued at $11,346,000 after buying an additional 93,251 shares during the last quarter. Royal Bank of Canada increased its holdings in iShares International Treasury Bond ETF by 42.5% in the first quarter. Royal Bank of Canada now owns 239,675 shares of the company’s stock valued at $9,841,000 after buying an additional 71,496 shares during the last quarter. World Investment Advisors raised its stake in iShares International Treasury Bond ETF by 46.6% during the first quarter. World Investment Advisors now owns 113,837 shares of the company’s stock valued at $4,674,000 after buying an additional 36,200 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in iShares International Treasury Bond ETF by 39.7% during the first quarter. Cetera Investment Advisers now owns 60,613 shares of the company’s stock valued at $2,489,000 after buying an additional 17,225 shares in the last quarter.

About iShares International Treasury Bond ETF

iShares International Treasury Bond ETF, formerly iShares S&P/Citigroup International Treasury Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the S&P/Citigroup International Treasury Bond Index Ex US (the Index). The Index is a market value-weighted index designed to measure the performance of bonds denominated in local currencies and issued by foreign governments in developed market countries outside the United States.