Paragon Capital Management Inc. Has $4.53 Million Stake in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Paragon Capital Management Inc. lessened its stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,094 shares of the company’s stock after selling 1,935 shares during the period. iShares U.S. Treasury Bond ETF comprises about 3.5% of Paragon Capital Management Inc.’s holdings, making the stock its 5th largest holding. Paragon Capital Management Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $4,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOVT. Union Bancaire Privee UBP SA bought a new position in iShares U.S. Treasury Bond ETF during the 4th quarter valued at approximately $25,000. PSI Advisors LLC bought a new position in iShares U.S. Treasury Bond ETF during the 4th quarter valued at approximately $34,000. St. Johns Investment Management Company LLC purchased a new position in shares of iShares U.S. Treasury Bond ETF during the 3rd quarter worth approximately $38,000. Glen Eagle Advisors LLC grew its holdings in shares of iShares U.S. Treasury Bond ETF by 55.2% during the 3rd quarter. Glen Eagle Advisors LLC now owns 1,687 shares of the company’s stock worth $40,000 after acquiring an additional 600 shares during the period. Finally, Raleigh Capital Management Inc. grew its holdings in shares of iShares U.S. Treasury Bond ETF by 123.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,777 shares of the company’s stock worth $41,000 after acquiring an additional 980 shares during the period.

iShares U.S. Treasury Bond ETF Trading Up 0.2 %

GOVT stock opened at $22.57 on Wednesday. The stock’s fifty day moving average price is $22.59 and its 200 day moving average price is $22.92.

iShares U.S. Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.0674 per share. This is an increase from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06. The ex-dividend date is Monday, February 3rd.

iShares U.S. Treasury Bond ETF Company 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.