First Horizon Advisors Inc. Trims Stake in iShares U.S. Treasury Bond ETF (BATS:GOVT)

First Horizon Advisors Inc. reduced its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 22.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,048 shares of the company’s stock after selling 9,123 shares during the period. First Horizon Advisors Inc.’s holdings in iShares U.S. Treasury Bond ETF were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA purchased a new stake in iShares U.S. Treasury Bond ETF during the fourth quarter valued at approximately $25,000. PSI Advisors LLC purchased a new stake in iShares U.S. Treasury Bond ETF during the fourth quarter valued at approximately $34,000. Glen Eagle Advisors LLC increased its holdings in iShares U.S. Treasury Bond ETF by 55.2% during the third quarter. Glen Eagle Advisors LLC now owns 1,687 shares of the company’s stock valued at $40,000 after buying an additional 600 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in iShares U.S. Treasury Bond ETF by 123.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,777 shares of the company’s stock valued at $41,000 after buying an additional 980 shares during the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in iShares U.S. Treasury Bond ETF during the fourth quarter valued at approximately $43,000.

iShares U.S. Treasury Bond ETF Price Performance

Shares of GOVT stock opened at $22.74 on Tuesday. The firm’s 50 day simple moving average is $22.52 and its 200 day simple moving average is $22.88.

iShares U.S. Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.0674 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06.

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.