Axis Wealth Partners LLC has decreased its holdings in the iShares 0-3 Month Treasury Bond ETF (NYSEARCA: SGOV) by 31.3% during the third quarter of 2023. According to the company’s latest 13F filing with the Securities and Exchange Commission (SEC), the institutional investor now owns 17,495 shares after selling 7,954 shares within the quarter. This reduction positions the iShares ETF as 1.0% of Axis Wealth Partners’ portfolio, making it the firm’s 25th largest investment.
As of the most recent SEC filing, Axis Wealth Partners’ stake in the iShares 0-3 Month Treasury Bond ETF was valued at approximately $1.76 million. Other institutional investors have also adjusted their positions in the ETF recently, indicating a broader interest in this investment vehicle.
In the fourth quarter, Brighton Jones LLC established a new position in the iShares 0-3 Month Treasury Bond ETF worth around $4.81 million. Meanwhile, Bison Wealth LLC increased its holdings by an impressive 161.2%, now owning 28,209 shares valued at $2.83 million after acquiring an additional 17,409 shares last quarter.
Other notable transactions include AQR Capital Management LLC, which purchased a new position valued at $207,000 in the first quarter of 2023, and Goldman Sachs Group Inc., which acquired a stake worth approximately $810,000 during the same period. Additionally, UBS Asset Management bought a new stake valued at about $42.74 million in the first quarter.
The iShares 0-3 Month Treasury Bond ETF experienced minor fluctuations, with shares opening at $100.47 on the last Friday. The ETF has a 50-day simple moving average of $100.46 and a 200-day simple moving average of $100.52. Over the past year, it has seen a low of $100.27 and a high of $100.74.
The iShares 0-3 Month Treasury Bond ETF primarily invests in high-quality fixed-income securities, tracking a market-value weighted index of U.S. Treasuries maturing in three months or less. Launched on May 26, 2020, the fund is managed by BlackRock, a leading global investment management firm.
Investors interested in further details and updates on the ETF are encouraged to visit HoldingsChannel.com for the latest 13F filings and insider trading information related to the iShares 0-3 Month Treasury Bond ETF (NYSEARCA: SGOV).
