Prasad Wealth Partners LLC Takes $6.90 Million Position in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Prasad Wealth Partners LLC purchased a new stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 300,397 shares of the company’s stock, valued at approximately $6,903,000. iShares U.S. Treasury Bond ETF comprises about 2.2% of Prasad Wealth Partners LLC’s investment portfolio, making the stock its 19th biggest holding.

Other hedge funds have also modified their holdings of the company. Union Bancaire Privee UBP SA bought a new stake in shares of iShares U.S. Treasury Bond ETF during the fourth quarter valued at approximately $25,000. PSI Advisors LLC bought a new stake in shares of iShares U.S. Treasury Bond ETF during the fourth quarter valued at approximately $34,000. Glen Eagle Advisors LLC grew its stake in shares of 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 purchasing an additional 600 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in shares of 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 purchasing an additional 980 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in shares of iShares U.S. Treasury Bond ETF during the fourth quarter valued at approximately $43,000.

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

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

iShares U.S. Treasury Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.0674 dividend. The ex-dividend date of this dividend was Monday, February 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.