Bank of America Corp DE Raises Holdings in iShares U.S. Treasury Bond ETF $GOVT

Bank of America Corp DE boosted its position in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,504,611 shares of the company’s stock after acquiring an additional 8,760,376 shares during the quarter. iShares U.S. Treasury Bond ETF accounts for 0.5% of Bank of America Corp DE’s investment portfolio, making the stock its 23rd biggest position. Bank of America Corp DE owned 26.79% of iShares U.S. Treasury Bond ETF worth $7,388,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Treasury Bond ETF by 11.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,744,707 shares of the company’s stock worth $132,038,000 after purchasing an additional 577,005 shares during the period. Raymond James Financial Inc. increased its position in iShares U.S. Treasury Bond ETF by 48.7% during the 2nd quarter. Raymond James Financial Inc. now owns 2,346,330 shares of the company’s stock worth $53,919,000 after purchasing an additional 768,431 shares in the last quarter. Diversify Wealth Management LLC increased its position in iShares U.S. Treasury Bond ETF by 10.4% during the 2nd quarter. Diversify Wealth Management LLC now owns 348,917 shares of the company’s stock worth $7,983,000 after purchasing an additional 32,898 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in iShares U.S. Treasury Bond ETF by 22.1% in the second quarter. Diversify Advisory Services LLC now owns 345,388 shares of the company’s stock valued at $7,902,000 after buying an additional 62,574 shares during the period. Finally, Peapack Gladstone Financial Corp acquired a new position in iShares U.S. Treasury Bond ETF during the second quarter valued at approximately $217,000.

iShares U.S. Treasury Bond ETF Stock Down 0.3%

GOVT opened at $23.02 on Friday. The stock’s 50-day simple moving average is $23.18 and its 200 day simple moving average is $22.98.

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.