LPL Financial LLC Purchases 5,340,900 Shares of iShares U.S. Treasury Bond ETF (BATS:GOVT)

LPL Financial LLC boosted its position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 5.0% during the 4th quarter, HoldingsChannel reports. The fund owned 113,104,408 shares of the company’s stock after buying an additional 5,340,900 shares during the quarter. iShares U.S. Treasury Bond ETF makes up approximately 1.1% of LPL Financial LLC’s investment portfolio, making the stock its 15th biggest holding. LPL Financial LLC owned approximately 0.10% of iShares U.S. Treasury Bond ETF worth $2,599,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC increased its stake in iShares U.S. Treasury Bond ETF by 2.3% during the fourth quarter. Cypress Wealth Services LLC now owns 20,615 shares of the company’s stock valued at $474,000 after acquiring an additional 456 shares during the period. Magnus Financial Group LLC increased its stake in iShares U.S. Treasury Bond ETF by 5.8% during the fourth quarter. Magnus Financial Group LLC now owns 9,278 shares of the company’s stock valued at $213,000 after acquiring an additional 505 shares during the period. ONE Advisory Partners LLC increased its stake in iShares U.S. Treasury Bond ETF by 2.8% during the fourth quarter. ONE Advisory Partners LLC now owns 21,423 shares of the company’s stock valued at $492,000 after acquiring an additional 591 shares during the period. Glen Eagle Advisors LLC boosted its holdings in iShares U.S. Treasury Bond ETF by 55.2% during the third quarter. Glen Eagle Advisors LLC now owns 1,687 shares of the company’s stock valued at $40,000 after purchasing an additional 600 shares in the last quarter. Finally, Empirical Asset Management LLC boosted its holdings in iShares U.S. Treasury Bond ETF by 0.8% during the fourth quarter. Empirical Asset Management LLC now owns 83,944 shares of the company’s stock valued at $1,929,000 after purchasing an additional 656 shares in the last quarter.

iShares U.S. Treasury Bond ETF Stock Performance

BATS GOVT opened at $22.92 on Friday. The firm’s fifty day moving average is $22.66 and its 200 day moving average is $22.83.

iShares U.S. Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.0613 per share. The ex-dividend date of this dividend was Monday, March 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.