iShares U.S. Treasury Bond ETF (BATS:GOVT) Sets New 52-Week Low – Here’s Why

iShares U.S. Treasury Bond ETF (BATS:GOVT)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.40 and last traded at $22.42, with a volume of 309726 shares trading hands. The stock had previously closed at $22.43.

iShares U.S. Treasury Bond ETF Stock Up 0.4%

The firm has a fifty day moving average price of $22.60 and a two-hundred day moving average price of $22.80.

Hedge Funds Weigh In On iShares U.S. Treasury Bond ETF

Several hedge funds have recently bought and sold shares of the business. BTG Pactual Asset Management US LLC bought a new stake in shares of iShares U.S. Treasury Bond ETF in the third quarter valued at about $27,000. Toronto Dominion Bank bought a new position in iShares U.S. Treasury Bond ETF during the 4th quarter worth about $29,000. Birchwood Financial Partners Inc. bought a new position in iShares U.S. Treasury Bond ETF during the 4th quarter worth about $40,000. Silver Grove Financial Group Inc. purchased a new position in iShares U.S. Treasury Bond ETF during the 4th quarter valued at about $42,000. Finally, Godfrey Financial Associates Inc. purchased a new position in iShares U.S. Treasury Bond ETF during the 4th quarter valued at about $44,000.

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.