Prime Capital Investment Advisors LLC Trims Stock Position in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Prime Capital Investment Advisors LLC trimmed its position in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 7.2% during the third quarter, HoldingsChannel.com reports. The firm owned 7,296,440 shares of the company’s stock after selling 565,080 shares during the quarter. iShares U.S. Treasury Bond ETF accounts for approximately 2.4% of Prime Capital Investment Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Prime Capital Investment Advisors LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $171,102,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GOVT. SteelPeak Wealth LLC increased its position in shares of iShares U.S. Treasury Bond ETF by 0.3% in the second quarter. SteelPeak Wealth LLC now owns 142,582 shares of the company’s stock valued at $3,218,000 after acquiring an additional 441 shares during the last quarter. Horst & Graben Wealth Management LLC increased its position in shares of iShares U.S. Treasury Bond ETF by 0.6% in the third quarter. Horst & Graben Wealth Management LLC now owns 81,351 shares of the company’s stock valued at $1,908,000 after acquiring an additional 466 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of iShares U.S. Treasury Bond ETF by 2.4% in the third quarter. Lake Street Advisors Group LLC now owns 20,402 shares of the company’s stock valued at $478,000 after acquiring an additional 481 shares during the last quarter. Empirical Asset Management LLC increased its position in shares of iShares U.S. Treasury Bond ETF by 0.6% in the third quarter. Empirical Asset Management LLC now owns 83,288 shares of the company’s stock valued at $1,953,000 after acquiring an additional 530 shares during the last quarter. Finally, TrueWealth Advisors LLC increased its position in shares of iShares U.S. Treasury Bond ETF by 4.8% in the second quarter. TrueWealth Advisors LLC now owns 11,611 shares of the company’s stock valued at $262,000 after acquiring an additional 534 shares during the last quarter.

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

BATS GOVT traded down $0.04 during trading on Tuesday, reaching $22.73. 4,514,559 shares of the company’s stock were exchanged. The firm’s fifty day simple moving average is $23.17 and its 200 day simple moving average is $22.89.

iShares U.S. Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.0629 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase 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.