Merit Financial Group LLC Has $2.03 Million Holdings in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Posted by William Tyler on May 5th, 2024

Merit Financial Group LLC reduced its stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT – Free Report) by 16.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 88,112 shares of the company’s stock after selling 17,489 shares during the quarter. Merit Financial Group LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC raised its stake in shares of iShares U.S. Treasury Bond ETF by 94.1% in the 3rd quarter. Strategic Financial Concepts LLC now owns 206,716 shares of the company’s stock valued at $4,556,000 after buying an additional 100,233 shares in the last quarter. Magnus Financial Group LLC acquired a new position in shares of iShares U.S. Treasury Bond ETF in the 4th quarter valued at $205,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of iShares U.S. Treasury Bond ETF in the 4th quarter valued at $97,000. Modera Wealth Management LLC acquired a new position in shares of iShares U.S. Treasury Bond ETF in the 3rd quarter valued at $22,038,000. Finally, Hoese & Co LLP raised its stake in shares of iShares U.S. Treasury Bond ETF by 1.3% in the 4th quarter. Hoese & Co LLP now owns 775,524 shares of the company’s stock valued at $17,395,000 after buying an additional 9,991 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Up 0.4 %

Shares of GOVT stock opened at $22.33 on Friday. The firm has a 50-day simple moving average of $22.48 and a two-hundred day simple moving average of $22.52.

iShares U.S. Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.0583 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from iShares U.S. Treasury Bond ETF’s previous dividend of $0.05.

iShares U.S. Treasury Bond ETF Profile

(Free Report)

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.