a16z Perennial Management L.P. Acquires Shares of 108,847 iShares U.S. Treasury Bond ETF $GOVT

a16z Perennial Management L.P. bought a new position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) during the first quarter, HoldingsChannel reports. The firm bought 108,847 shares of the company’s stock, valued at approximately $2,494,000. iShares U.S. Treasury Bond ETF makes up about 0.2% of a16z Perennial Management L.P.’s holdings, making the stock its 27th biggest holding.

A number of other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in iShares U.S. Treasury Bond ETF by 9.0% during the fourth quarter. Bank of America Corp DE now owns 394,706,971 shares of the company’s stock worth $9,088,128,000 after purchasing an additional 32,568,450 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares U.S. Treasury Bond ETF by 366.1% during the fourth quarter. JPMorgan Chase & Co. now owns 195,076,828 shares of the company’s stock worth $4,491,644,000 after purchasing an additional 153,219,429 shares during the period. LPL Financial LLC boosted its holdings in shares of iShares U.S. Treasury Bond ETF by 7.1% in the 4th quarter. LPL Financial LLC now owns 119,087,423 shares of the company’s stock valued at $2,741,988,000 after buying an additional 7,886,409 shares during the period. Jump Financial LLC bought a new stake in shares of iShares U.S. Treasury Bond ETF during the 3rd quarter valued at about $1,716,964,000. Finally, Truist Financial Corp grew its position in shares of iShares U.S. Treasury Bond ETF by 3.4% during the 4th quarter. Truist Financial Corp now owns 71,006,495 shares of the company’s stock valued at $1,634,925,000 after buying an additional 2,302,272 shares during the last quarter.

iShares U.S. Treasury Bond ETF Trading Down 0.2%

GOVT opened at $22.52 on Wednesday. iShares U.S. Treasury Bond ETF has a fifty-two week low of $22.47 and a fifty-two week high of $23.39. The company’s 50-day moving average price is $22.67 and its 200 day moving average price is $22.88.

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.