JPMorgan Chase & Co. Reduces Stock Position in iShares U.S. Treasury Bond ETF (BATS:GOVT)

JPMorgan Chase & Co. lessened its stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,676,176 shares of the company’s stock after selling 4,036,253 shares during the quarter. JPMorgan Chase & Co. owned approximately 8.43% of iShares U.S. Treasury Bond ETF worth $2,166,769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOVT. Salem Investment Counselors Inc. acquired a new stake in iShares U.S. Treasury Bond ETF in the 4th quarter worth about $29,000. First Personal Financial Services acquired a new stake in shares of iShares U.S. Treasury Bond ETF during the first quarter worth approximately $32,000. Fortis Capital Advisors LLC bought a new stake in shares of iShares U.S. Treasury Bond ETF in the fourth quarter worth $34,000. GeoWealth Management LLC acquired a new stake in iShares U.S. Treasury Bond ETF in the first quarter valued at $37,000. Finally, Brown Brothers Harriman & Co. boosted its stake in iShares U.S. Treasury Bond ETF by 1,113.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,832 shares of the company’s stock valued at $42,000 after acquiring an additional 1,681 shares during the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

BATS GOVT opened at $22.39 on Thursday. The company’s 50 day moving average is $22.58 and its two-hundred day moving average is $22.95.

iShares U.S. Treasury Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, July 10th. Stockholders of record on Wednesday, July 5th were given a $0.0506 dividend. The ex-dividend date of this dividend was Monday, July 3rd.

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.