Drive Wealth Management LLC Has $7.36 Million Stock Position in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Drive Wealth Management LLC boosted its holdings in iShares U.S. Treasury Bond ETF (BATS:GOVT) by 23.4% in the third quarter, HoldingsChannel reports. The firm owned 313,800 shares of the company’s stock after purchasing an additional 59,552 shares during the period. iShares U.S. Treasury Bond ETF makes up about 1.9% of Drive Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Drive Wealth Management LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $7,359,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Bailard Inc. grew its stake in shares of iShares U.S. Treasury Bond ETF by 6.4% in the 2nd quarter. Bailard Inc. now owns 1,646,756 shares of the company’s stock valued at $37,167,000 after buying an additional 98,877 shares during the period. Raymond James & Associates grew its stake in iShares U.S. Treasury Bond ETF by 40.5% in the third quarter. Raymond James & Associates now owns 577,572 shares of the company’s stock valued at $13,544,000 after acquiring an additional 166,466 shares during the period. Signaturefd LLC grew its stake in iShares U.S. Treasury Bond ETF by 766.7% in the third quarter. Signaturefd LLC now owns 10,140 shares of the company’s stock valued at $238,000 after acquiring an additional 8,970 shares during the period. Regency Capital Management Inc. DE increased its holdings in shares of iShares U.S. Treasury Bond ETF by 1,729.4% during the third quarter. Regency Capital Management Inc. DE now owns 369,877 shares of the company’s stock valued at $8,674,000 after acquiring an additional 349,659 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of iShares U.S. Treasury Bond ETF by 30.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,081,455 shares of the company’s stock worth $24,408,000 after purchasing an additional 254,255 shares during the period.

iShares U.S. Treasury Bond ETF Price Performance

BATS:GOVT opened at $22.62 on Monday. The stock’s 50 day simple moving average is $23.11 and its 200-day simple moving average is $22.90.

iShares U.S. Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a $0.0629 dividend. This is an increase from iShares U.S. Treasury Bond ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares U.S. Treasury Bond ETF Company 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.