iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ) Shares Down 0.4% – Should You Sell?

iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ)’s stock price dropped 0.4% on Friday . The company traded as low as $9.50 and last traded at $9.60. Approximately 1,660,799 shares traded hands during trading, an increase of 83% from the average daily volume of 909,350 shares. The stock had previously closed at $9.64.

iShares 25+ Year Treasury STRIPS Bond ETF Stock Down 0.4%

The business’s fifty day simple moving average is $9.37 and its 200-day simple moving average is $9.56.

Institutional Investors Weigh In On iShares 25+ Year Treasury STRIPS Bond ETF

An institutional investor recently raised its position in iShares 25+ Year Treasury STRIPS Bond ETF stock. JPMorgan Chase & Co. increased its position in shares of iShares 25+ Year Treasury STRIPS Bond ETF (BATS:GOVZ) by 315.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,735 shares of the company’s stock after purchasing an additional 48,400 shares during the period. JPMorgan Chase & Co. owned approximately 0.22% of iShares 25+ Year Treasury STRIPS Bond ETF worth $620,000 at the end of the most recent quarter.

iShares 25+ Year Treasury STRIPS Bond ETF Company Profile

The iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US separate trading of registered interest and principal securities (STRIPS), with remaining maturities of at least 25 years. GOVZ was launched on Sep 22, 2020 and is managed by BlackRock.