iShares 0-3 Month Treasury Bond ETF (NYSE:SGOV) Shares Cross Below 200-Day Moving Average – Time to Sell?

by · The Markets Daily

Shares of iShares 0-3 Month Treasury Bond ETF (NYSE:SGOV – Get Free Report) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $100.55 and traded as low as $100.42. iShares 0-3 Month Treasury Bond ETF shares last traded at $100.4250, with a volume of 37,698,747 shares trading hands.

iShares 0-3 Month Treasury Bond ETF Stock Performance

The business has a fifty day moving average of $100.56 and a 200 day moving average of $100.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of iShares 0-3 Month Treasury Bond ETF by 13.2% in the first quarter. Bank of America Corp DE now owns 12,170,491 shares of the company’s stock valued at $1,225,082,000 after acquiring an additional 1,420,276 shares during the period. Confluence Investment Management LLC lifted its holdings in shares of iShares 0-3 Month Treasury Bond ETF by 59.0% in the 2nd quarter. Confluence Investment Management LLC now owns 2,788,012 shares of the company’s stock worth $280,669,000 after acquiring an additional 1,034,498 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of iShares 0-3 Month Treasury Bond ETF by 14.5% during the 1st quarter. Royal Bank of Canada now owns 2,691,521 shares of the company’s stock worth $270,929,000 after purchasing an additional 341,164 shares during the period. Cetera Investment Advisers grew its holdings in iShares 0-3 Month Treasury Bond ETF by 12.3% during the 1st quarter. Cetera Investment Advisers now owns 2,142,221 shares of the company’s stock valued at $215,636,000 after purchasing an additional 234,797 shares during the last quarter. Finally, CX Institutional grew its holdings in iShares 0-3 Month Treasury Bond ETF by 60.9% during the 2nd quarter. CX Institutional now owns 1,847,279 shares of the company’s stock valued at $185,966,000 after purchasing an additional 699,472 shares during the last quarter.

iShares 0-3 Month Treasury Bond ETF Company Profile

(Get Free Report)

The iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasurys maturing in less than or equal to three months. SGOV was launched on May 26, 2020 and is managed by BlackRock.

Further Reading