iShares U.S. Treasury Bond ETF $GOVT Shares Sold by Paragon Capital Management Inc.

Paragon Capital Management Inc. reduced its stake in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 29.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 136,710 shares of the company’s stock after selling 57,498 shares during the period. iShares U.S. Treasury Bond ETF accounts for approximately 2.2% of Paragon Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Paragon Capital Management Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $2,990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of iShares U.S. Treasury Bond ETF by 20.3% in the 1st quarter. Bank of America Corp DE now owns 474,769,940 shares of the company’s stock worth $10,876,979,000 after acquiring an additional 80,062,969 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares U.S. Treasury Bond ETF by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 167,199,210 shares of the company’s stock valued at $3,808,755,000 after acquiring an additional 13,304,992 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of iShares U.S. Treasury Bond ETF by 144.8% during the 1st quarter. Cetera Investment Advisers now owns 10,135,363 shares of the company’s stock valued at $232,201,000 after acquiring an additional 5,995,250 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of iShares U.S. Treasury Bond ETF by 211.2% during the 1st quarter. Bank of New York Mellon Corp now owns 6,702,133 shares of the company’s stock valued at $153,546,000 after acquiring an additional 4,548,373 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of iShares U.S. Treasury Bond ETF by 179.0% in the first quarter. Janney Montgomery Scott LLC now owns 6,588,546 shares of the company’s stock valued at $150,944,000 after purchasing an additional 4,226,644 shares during the period.

iShares U.S. Treasury Bond ETF Price Performance

Shares of GOVT opened at $22.05 on Friday. iShares U.S. Treasury Bond ETF has a 12-month low of $21.73 and a 12-month high of $23.39. The firm has a 50-day moving average price of $22.20 and a 200 day moving average price of $22.53.

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.