Prasad Wealth Partners LLC Acquires Shares of 300,397 iShares U.S. Treasury Bond ETF (BATS:GOVT)

Prasad Wealth Partners LLC acquired a new stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) during the fourth quarter, HoldingsChannel reports. The fund acquired 300,397 shares of the company’s stock, valued at approximately $6,903,000. iShares U.S. Treasury Bond ETF comprises about 2.2% of Prasad Wealth Partners LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOVT. Franklin Resources Inc. raised its holdings in iShares U.S. Treasury Bond ETF by 5.3% in the third quarter. Franklin Resources Inc. now owns 27,228 shares of the company’s stock worth $626,000 after purchasing an additional 1,380 shares during the period. Raymond James & Associates raised its holdings in iShares U.S. Treasury Bond ETF by 40.5% in the third quarter. Raymond James & Associates now owns 577,572 shares of the company’s stock worth $13,544,000 after purchasing an additional 166,466 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in iShares U.S. Treasury Bond ETF by 2.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 334,455 shares of the company’s stock worth $7,686,000 after purchasing an additional 8,101 shares during the period. Harbour Investments Inc. raised its holdings in iShares U.S. Treasury Bond ETF by 1.8% in the third quarter. Harbour Investments Inc. now owns 66,781 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,209 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in iShares U.S. Treasury Bond ETF by 34.2% in the third quarter. JPMorgan Chase & Co. now owns 11,133,024 shares of the company’s stock worth $261,069,000 after purchasing an additional 2,837,004 shares during the period.

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

GOVT opened at $22.74 on Tuesday. The stock has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $22.88.

iShares U.S. Treasury Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.0674 per share. This is a positive change from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06. The ex-dividend date was 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.