J.W. Cole Advisors Inc. significantly reduced its investment in the iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV) by an impressive 91% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the firm now holds only 6,389 shares after divesting 64,845 shares during this period. The remaining shares are valued at approximately $643,000 based on the latest market data.
Several other institutional investors and hedge funds have also adjusted their positions in the iShares 0-3 Month Treasury Bond ETF. In the first quarter, Centerpoint Advisors LLC acquired a new stake valued at around $25,000, while Smartleaf Asset Management LLC purchased shares worth $33,000. Grove Bank & Trust made a new investment in the second quarter valued at $40,000. Additionally, Crewe Advisors LLC entered the market with a new stake worth about $57,000 during the same period.
Notably, Ameriflex Group Inc. increased its holdings in the ETF by a remarkable 396.8% in the second quarter. After acquiring an additional 500 shares, Ameriflex now owns 626 shares of the iShares 0-3 Month Treasury Bond ETF, valued at approximately $63,000.
Performance Overview of iShares 0-3 Month Treasury Bond ETF
On Monday, the iShares 0-3 Month Treasury Bond ETF opened trading at $100.67. Over the past year, the stock has seen a low of $100.15 and a high of $100.74. The ETF’s performance is reflected in its 50-day simple moving average of $100.56 and a 200-day simple moving average of $100.55.
Investors looking to track further developments or changes in holdings of the iShares 0-3 Month Treasury Bond ETF can find detailed information on platforms like HoldingsChannel.com. For those interested in daily updates, they can subscribe to MarketBeat’s free newsletter for concise summaries of news and analysts’ ratings related to SGOV and similar investment vehicles.
As institutional movements continue to shape the landscape of the iShares 0-3 Month Treasury Bond ETF, market observers will be keen to see how these shifts influence future performance and investor sentiment.
