Drive Wealth Management LLC Has $308,000 Stock Holdings in iShares U.S. Treasury Bond ETF $GOVT

Drive Wealth Management LLC cut its position in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 96.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,356 shares of the company’s stock after selling 348,949 shares during the period. Drive Wealth Management LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in iShares U.S. Treasury Bond ETF by 12.6% during the 3rd quarter. Bank of America Corp DE now owns 362,138,521 shares of the company’s stock valued at $8,372,643,000 after purchasing an additional 40,633,910 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares U.S. Treasury Bond ETF by 2.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 76,659,922 shares of the company’s stock valued at $1,772,377,000 after purchasing an additional 2,071,769 shares during the last quarter. Jump Financial LLC acquired a new position in iShares U.S. Treasury Bond ETF during the 3rd quarter valued at about $1,716,964,000. Truist Financial Corp boosted its stake in iShares U.S. Treasury Bond ETF by 3.4% during the 4th quarter. Truist Financial Corp now owns 71,006,495 shares of the company’s stock valued at $1,634,925,000 after purchasing an additional 2,302,272 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in iShares U.S. Treasury Bond ETF by 17.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,268,533 shares of the company’s stock valued at $1,115,968,000 after purchasing an additional 7,111,353 shares during the last quarter.

iShares U.S. Treasury Bond ETF Trading Down 0.3%

GOVT stock opened at $22.76 on Tuesday. iShares U.S. Treasury Bond ETF has a 52-week low of $22.48 and a 52-week high of $23.39. The business has a 50-day simple moving average of $22.93 and a two-hundred day simple moving average of $23.05.

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.