Financial Management Network Inc. Acquires 34,000 Shares of iShares U.S. Treasury Bond ETF $GOVT

Financial Management Network Inc. grew its holdings in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 13.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 295,521 shares of the company’s stock after buying an additional 34,000 shares during the quarter. iShares U.S. Treasury Bond ETF accounts for approximately 1.0% of Financial Management Network Inc.’s holdings, making the stock its 26th biggest holding. Financial Management Network Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $6,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BTG Pactual Asset Management US LLC acquired a new stake in shares of iShares U.S. Treasury Bond ETF during the 3rd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in iShares U.S. Treasury Bond ETF by 477.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 1,013 shares in the last quarter. Toronto Dominion Bank acquired a new position in iShares U.S. Treasury Bond ETF in the fourth quarter worth about $29,000. Raleigh Capital Management Inc. lifted its stake in iShares U.S. Treasury Bond ETF by 1,593.0% during 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 period. Finally, Birchwood Financial Partners Inc. bought a new position in iShares U.S. Treasury Bond ETF during the fourth quarter worth about $40,000.

iShares U.S. Treasury Bond ETF Stock Down 0.3%

BATS GOVT opened at $22.68 on Tuesday. iShares U.S. Treasury Bond ETF has a 1-year low of $22.47 and a 1-year high of $23.39. The stock’s 50 day moving average is $22.75 and its two-hundred 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.