Spectrum Planning & Advisory Services Inc. Sells 9,387 Shares of iShares U.S. Treasury Bond ETF (BATS:GOVT)

Spectrum Planning & Advisory Services Inc. reduced its position in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 36.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 16,111 shares of the company’s stock after selling 9,387 shares during the period. Spectrum Planning & Advisory Services Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Summit Wealth Group LLC lifted its position in shares of iShares U.S. Treasury Bond ETF by 8.7% in the third quarter. Summit Wealth Group LLC now owns 42,309 shares of the company’s stock worth $992,000 after buying an additional 3,389 shares in the last quarter. BIP Wealth LLC raised its position in iShares U.S. Treasury Bond ETF by 164.9% during the third quarter. BIP Wealth LLC now owns 69,732 shares of the company’s stock valued at $1,635,000 after purchasing an additional 43,411 shares during the period. Chesapeake Wealth Management purchased a new stake in iShares U.S. Treasury Bond ETF during the third quarter valued at approximately $201,000. Drive Wealth Management LLC raised its position in iShares U.S. Treasury Bond ETF by 23.4% during the third quarter. Drive Wealth Management LLC now owns 313,800 shares of the company’s stock valued at $7,359,000 after purchasing an additional 59,552 shares during the period. Finally, Theory Financial LLC purchased a new stake in iShares U.S. Treasury Bond ETF during the third quarter valued at approximately $213,000.

iShares U.S. Treasury Bond ETF Trading Up 0.1 %

Shares of GOVT stock opened at $22.64 on Tuesday. The company’s 50-day moving average is $23.09 and its 200 day moving average is $22.90.

iShares U.S. Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.0629 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06.

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.