Skyline Advisors Inc. Invests $7.73 Million in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Skyline Advisors Inc. purchased a new position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 335,461 shares of the company’s stock, valued at approximately $7,729,000. iShares U.S. Treasury Bond ETF makes up about 3.7% of Skyline Advisors Inc.’s holdings, making the stock its 11th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in iShares U.S. Treasury Bond ETF by 8.5% in the third quarter. FMR LLC now owns 85,547,733 shares of the company’s stock valued at $1,885,472,000 after purchasing an additional 6,707,884 shares during the period. Allworth Financial LP grew its holdings in iShares U.S. Treasury Bond ETF by 2.0% in the fourth quarter. Allworth Financial LP now owns 25,183,931 shares of the company’s stock valued at $580,238,000 after purchasing an additional 486,526 shares during the period. Assetmark Inc. grew its holdings in iShares U.S. Treasury Bond ETF by 2.5% in the fourth quarter. Assetmark Inc. now owns 16,665,186 shares of the company’s stock valued at $383,966,000 after purchasing an additional 408,054 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in iShares U.S. Treasury Bond ETF by 64.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,350,003 shares of the company’s stock valued at $330,624,000 after purchasing an additional 5,635,763 shares during the period. Finally, Peavine Capital LLC purchased a new stake in iShares U.S. Treasury Bond ETF in the fourth quarter valued at approximately $220,142,000.

iShares U.S. Treasury Bond ETF Stock Performance

iShares U.S. Treasury Bond ETF stock traded down $0.09 during trading on Monday, reaching $22.66. The company had a trading volume of 4,039,963 shares. The business’s 50-day moving average price is $22.37 and its 200 day moving average price is $22.61.

iShares U.S. Treasury Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.0594 per share. This is an increase from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Monday, June 3rd.

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.