Truist Financial Corp Cuts Stock Position in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Truist Financial Corp reduced its position in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,833,562 shares of the company’s stock after selling 277,430 shares during the quarter. iShares U.S. Treasury Bond ETF accounts for approximately 2.0% of Truist Financial Corp’s holdings, making the stock its 5th biggest holding. Truist Financial Corp owned approximately 0.05% of iShares U.S. Treasury Bond ETF worth $1,286,405,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Criterion Capital Advisors LLC purchased a new stake in iShares U.S. Treasury Bond ETF in the 4th quarter valued at about $32,000. Wetzel Investment Advisors Inc. bought a new stake in shares of iShares U.S. Treasury Bond ETF during the fourth quarter valued at approximately $33,000. Archer Investment Corp boosted its holdings in shares of iShares U.S. Treasury Bond ETF by 75.5% in the third quarter. Archer Investment Corp now owns 1,815 shares of the company’s stock valued at $40,000 after purchasing an additional 781 shares during the period. SJS Investment Consulting Inc. bought a new position in iShares U.S. Treasury Bond ETF in the fourth quarter worth approximately $49,000. Finally, Salem Investment Counselors Inc. grew its stake in iShares U.S. Treasury Bond ETF by 41.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 2,213 shares of the company’s stock worth $51,000 after purchasing an additional 649 shares in the last quarter.

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

Shares of GOVT traded up $0.04 during midday trading on Friday, reaching $22.16. 4,752,769 shares of the stock were exchanged. The firm has a 50 day moving average price of $22.52 and a 200 day moving average price of $22.50.

iShares U.S. Treasury Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.0583 dividend. The ex-dividend date was Monday, April 1st. This is an increase from iShares U.S. Treasury Bond ETF’s previous dividend of $0.05.

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.