Merit Financial Group LLC Has $63.69 Million Position in iShares U.S. Treasury Bond ETF $GOVT

Merit Financial Group LLC grew its position in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 57.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,754,867 shares of the company’s stock after acquiring an additional 1,009,275 shares during the period. Merit Financial Group LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $63,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in iShares U.S. Treasury Bond ETF by 2.8% in the 2nd quarter. Bank of America Corp DE now owns 321,504,611 shares of the company’s stock valued at $7,388,176,000 after purchasing an additional 8,760,376 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in iShares U.S. Treasury Bond ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 74,588,153 shares of the company’s stock valued at $1,714,024,000 after buying an additional 470,264 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of iShares U.S. Treasury Bond ETF by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 41,157,180 shares of the company’s stock valued at $945,792,000 after buying an additional 121,143 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Treasury Bond ETF by 7.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,314,805 shares of the company’s stock worth $926,434,000 after acquiring an additional 2,794,537 shares during the period. Finally, TIAA Trust National Association increased its holdings in shares of iShares U.S. Treasury Bond ETF by 17,484.2% during the 2nd quarter. TIAA Trust National Association now owns 30,751,087 shares of the company’s stock worth $705,040,000 after acquiring an additional 30,576,208 shares during the last quarter.

iShares U.S. Treasury Bond ETF Trading Down 0.1%

GOVT opened at $23.08 on Wednesday. The firm has a fifty day simple moving average of $23.15 and a two-hundred day simple moving average of $23.02.

iShares U.S. Treasury Bond ETF 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.