Drive Wealth Management LLC Purchases 26,291 Shares of iShares U.S. Treasury Bond ETF (BATS:GOVT)

Drive Wealth Management LLC raised its position in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,091 shares of the company’s stock after buying an additional 26,291 shares during the quarter. iShares U.S. Treasury Bond ETF comprises about 1.9% of Drive Wealth Management LLC’s portfolio, making the stock its 12th largest position. Drive Wealth Management LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $7,815,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GOVT. LPL Financial LLC increased its holdings in iShares U.S. Treasury Bond ETF by 3.4% in the 3rd quarter. LPL Financial LLC now owns 107,763,508 shares of the company’s stock valued at $2,527,054,000 after buying an additional 3,525,851 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Treasury Bond ETF by 34.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,133,024 shares of the company’s stock valued at $261,069,000 after purchasing an additional 2,837,004 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of iShares U.S. Treasury Bond ETF by 7.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 36,625,741 shares of the company’s stock valued at $858,874,000 after purchasing an additional 2,642,472 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of iShares U.S. Treasury Bond ETF by 18.2% during the 4th quarter. Mutual Advisors LLC now owns 11,332,555 shares of the company’s stock valued at $254,473,000 after purchasing an additional 1,741,584 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Treasury Bond ETF during the 2nd quarter valued at approximately $33,768,000.

iShares U.S. Treasury Bond ETF Stock Performance

Shares of iShares U.S. Treasury Bond ETF stock opened at $22.48 on Monday. The firm’s 50-day moving average is $22.61 and its 200 day moving average is $22.93.

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.