Landing Point Financial Group LLC Buys New Position in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Landing Point Financial Group LLC purchased a new position in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 248,107 shares of the company’s stock, valued at approximately $5,565,000. iShares U.S. Treasury Bond ETF comprises about 4.3% of Landing Point Financial Group LLC’s portfolio, making the stock its 7th biggest position.

Several other hedge funds also recently made changes to their positions in GOVT. World Investment Advisors LLC raised its holdings in iShares U.S. Treasury Bond ETF by 52.4% during the third quarter. World Investment Advisors LLC now owns 27,417 shares of the company’s stock worth $643,000 after acquiring an additional 9,430 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares U.S. Treasury Bond ETF in the 3rd quarter valued at approximately $8,038,000. Franklin Resources Inc. grew its stake in shares of iShares U.S. Treasury Bond ETF by 5.3% in the third quarter. Franklin Resources Inc. now owns 27,228 shares of the company’s stock valued at $626,000 after buying an additional 1,380 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in iShares U.S. Treasury Bond ETF by 34.2% during the third quarter. JPMorgan Chase & Co. now owns 11,133,024 shares of the company’s stock worth $261,069,000 after buying an additional 2,837,004 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in iShares U.S. Treasury Bond ETF by 5.3% during the fourth quarter. GAMMA Investing LLC now owns 97,704 shares of the company’s stock worth $2,245,000 after acquiring an additional 4,894 shares in the last quarter.

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

Shares of GOVT opened at $22.81 on Friday. The company has a 50 day moving average price of $22.82 and a 200-day moving average price of $22.74.

iShares U.S. Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.0613 dividend. The ex-dividend date was Monday, March 3rd.

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.