Northwestern Mutual Wealth Management Co. Lowers Holdings in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Northwestern Mutual Wealth Management Co. cut its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 545,586 shares of the company’s stock after selling 16,283 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Treasury Bond ETF were worth $12,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in iShares U.S. Treasury Bond ETF in the fourth quarter valued at $28,000. Westside Investment Management Inc. acquired a new stake in iShares U.S. Treasury Bond ETF in the 2nd quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of iShares U.S. Treasury Bond ETF by 79.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock valued at $39,000 after buying an additional 746 shares during the period. Family Asset Management LLC grew its position in shares of iShares U.S. Treasury Bond ETF by 210.9% during the second quarter. Family Asset Management LLC now owns 1,903 shares of the company’s stock worth $43,000 after buying an additional 1,291 shares in the last quarter. Finally, Avion Wealth purchased a new stake in shares of iShares U.S. Treasury Bond ETF during the second quarter worth approximately $45,000.

iShares U.S. Treasury Bond ETF Stock Performance

Shares of GOVT opened at $23.45 on Wednesday. The firm has a fifty day moving average price of $23.29 and a two-hundred day moving average price of $22.78.

iShares U.S. Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.0629 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06.

iShares U.S. Treasury Bond ETF Profile

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.