Investment firm 1607 Capital Partners LLC has expanded its holdings in the iShares U.S. Treasury Bond ETF (BATS:GOVT) by 20.8% during the third quarter of 2023. According to the company’s latest Form 13F filing with the Securities and Exchange Commission (SEC), the institutional investor now possesses 3,691,522 shares after acquiring an additional 636,835 shares in the period. This investment accounts for approximately 6.4% of 1607 Capital Partners LLC’s portfolio, making it the firm’s third-largest position.
As per the filing, the current value of 1607 Capital Partners LLC’s stake in the iShares U.S. Treasury Bond ETF is estimated at $85,348,000, representing around 0.31% of the total shares outstanding.
Multiple other institutional investors have also adjusted their stakes in the iShares U.S. Treasury Bond ETF. Notably, Merit Financial Group LLC increased its holdings by 57.7% during the third quarter, now owning 2,753,378 shares valued at $63,658,000 after acquiring 1,007,786 shares in the last quarter. Similarly, Dynasty Wealth Management LLC has significantly boosted its investment by 107.7%, bringing its total to 220,546 shares worth approximately $5,099,000 following the purchase of an additional 114,355 shares.
Furthermore, Geneos Wealth Management Inc. enhanced its stake by 9.0%, now holding 865,293 shares valued at $20,006,000. Bailard Inc. also increased its holdings by 14.7%, resulting in ownership of 1,559,396 shares worth $36,053,000 after an additional purchase of 200,018 shares. Lastly, Cerity Partners OCIO LLC grew its stake by 4.3%, holding 534,247 shares valued at $12,352,000 after an acquisition of 22,251 shares.
The iShares U.S. Treasury Bond ETF opened at $22.92 on Friday, October 20, 2023. Over the past year, the stock has experienced a low of $22.48 and a peak of $23.39. Its fifty-day simple moving average stands at $23.10, while the two-hundred day moving average is at $23.12.
Launched on February 14, 2012, the iShares U.S. Treasury Bond ETF is managed by BlackRock and tracks the ICE U.S. Treasury Core Bond index. This exchange-traded fund focuses on a market-weighted index of fixed-rate, non-convertible U.S. Treasury securities that have a remaining maturity of one year or more.
For those interested in the latest trading activity and changes in holdings for the iShares U.S. Treasury Bond ETF, resources such as HoldingsChannel.com provide real-time updates on 13F filings and insider trades.
