Truist Financial Corp Has $1.23 Billion Stake in iShares U.S. Treasury Bond ETF (BATS:GOVT)

Truist Financial Corp reduced its stake in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,345,025 shares of the company’s stock after selling 3,816,300 shares during the quarter. iShares U.S. Treasury Bond ETF accounts for approximately 1.9% of Truist Financial Corp’s portfolio, making the stock its 5th largest holding. Truist Financial Corp owned about 4.81% of iShares U.S. Treasury Bond ETF worth $1,226,567,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in iShares U.S. Treasury Bond ETF by 14.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 57,384,743 shares of the company’s stock valued at $1,295,174,000 after buying an additional 7,203,276 shares during the period. LPL Financial LLC increased its holdings in iShares U.S. Treasury Bond ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 104,237,657 shares of the company’s stock valued at $2,352,644,000 after purchasing an additional 6,443,351 shares during the period. Morningstar Investment Management LLC purchased a new position in iShares U.S. Treasury Bond ETF during the 4th quarter valued at about $144,757,000. School Employees Retirement Board of Ohio bought a new position in iShares U.S. Treasury Bond ETF during the 2nd quarter valued at approximately $84,018,000. Finally, Cetera Investment Advisers lifted its holdings in iShares U.S. Treasury Bond ETF by 581.8% in the 1st quarter. Cetera Investment Advisers now owns 3,177,425 shares of the company’s stock worth $72,350,000 after buying an additional 2,711,371 shares during the period.

iShares U.S. Treasury Bond ETF Stock Performance

Shares of GOVT stock opened at $23.45 on Tuesday. The stock has a fifty day simple moving average of $23.29 and a 200 day simple moving average of $22.78.

iShares U.S. Treasury Bond ETF Increases Dividend

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

About iShares U.S. Treasury Bond ETF

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.