First Merchants Corp Makes New $10.32 Million Investment in iShares 0-3 Month Treasury Bond ETF $SGOV

First Merchants Corp bought a new stake in iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV) during the first quarter, HoldingsChannel reports. The institutional investor bought 102,484 shares of the company’s stock, valued at approximately $10,316,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Watch Advisors INC purchased a new stake in shares of iShares 0-3 Month Treasury Bond ETF during the 4th quarter worth approximately $25,000. Coston McIsaac & Partners purchased a new position in iShares 0-3 Month Treasury Bond ETF in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its stake in iShares 0-3 Month Treasury Bond ETF by 562.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 331 shares of the company’s stock valued at $33,000 after purchasing an additional 281 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in iShares 0-3 Month Treasury Bond ETF by 1,241.4% in the third quarter. Jones Financial Companies Lllp now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 360 shares during the last quarter. Finally, BOKF NA bought a new position in iShares 0-3 Month Treasury Bond ETF during the third quarter valued at $41,000.

iShares 0-3 Month Treasury Bond ETF Price Performance

NYSEARCA:SGOV opened at $100.59 on Monday. The business has a fifty day simple moving average of $100.54 and a two-hundred day simple moving average of $100.51. iShares 0-3 Month Treasury Bond ETF has a 1 year low of $100.27 and a 1 year high of $100.74.

iShares 0-3 Month Treasury Bond ETF Profile

The iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasurys maturing in less than or equal to three months. SGOV was launched on May 26, 2020 and is managed by BlackRock.