Spectrum Planning & Advisory Services Inc. Increases Position in iShares U.S. Treasury Bond ETF $GOVT

Spectrum Planning & Advisory Services Inc. grew its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 811.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 144,555 shares of the company’s stock after buying an additional 128,700 shares during the quarter. iShares U.S. Treasury Bond ETF accounts for about 1.6% of Spectrum Planning & Advisory Services Inc.’s investment portfolio, making the stock its 19th biggest position. Spectrum Planning & Advisory Services Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $3,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BTG Pactual Asset Management US LLC purchased a new stake in iShares U.S. Treasury Bond ETF in the third quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of iShares U.S. Treasury Bond ETF by 477.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 1,013 shares during the period. Toronto Dominion Bank purchased a new stake in shares of iShares U.S. Treasury Bond ETF during the fourth quarter valued at $29,000. Raleigh Capital Management Inc. grew its holdings in shares of iShares U.S. Treasury Bond ETF by 1,593.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,456 shares of the company’s stock worth $34,000 after purchasing an additional 1,370 shares during the last quarter. Finally, Birchwood Financial Partners Inc. bought a new position in shares of iShares U.S. Treasury Bond ETF in the fourth quarter worth about $40,000.

iShares U.S. Treasury Bond ETF Price Performance

GOVT stock opened at $22.75 on Monday. iShares U.S. Treasury Bond ETF has a 12 month low of $22.47 and a 12 month high of $23.39. The firm’s 50-day moving average is $22.76 and its 200 day moving average is $22.94.

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.