Lockheed Martin Invests $21.8 Million in iShares U.S. Treasury Bond ETF
Lockheed Martin Investment Management Co. has made a significant investment in the iShares U.S. Treasury Bond ETF (BATS:GOVT), acquiring 950,000 shares valued at approximately $21.8 million. This acquisition, reported by HoldingsChannel.com, occurred in the second quarter of the fiscal year.
Several other institutional investors have also recently adjusted their positions in the iShares U.S. Treasury Bond ETF. Notable among these is VSM Wealth Advisory LLC, which established a new position in the first quarter valued at about $26,000. Similarly, TruNorth Capital Management LLC invested approximately $33,000 in the same quarter, while the Oliver Lagore Vanvalin Investment Group acquired shares worth about $39,000 in the second quarter.
SOA Wealth Advisors LLC significantly increased its stake in the ETF by 424.7% during the second quarter, resulting in ownership of 1,679 shares valued at $39,000 after purchasing an additional 1,359 shares. Additionally, Blume Capital Management Inc. took a new position in the ETF during the same period, valued at approximately $40,000.
Performance and Profile of iShares U.S. Treasury Bond ETF
As of Friday, shares of BATS:GOVT opened at $23.20. The ETF has a 50-day simple moving average of $23.13 and a 200-day moving average of $22.90. The iShares U.S. Treasury Bond ETF tracks the ICE U.S. Treasury Core Bond index and focuses on fixed-rate, nonconvertible U.S. Treasury securities with a remaining maturity of one year or more. Launched on February 14, 2012, the fund is managed by BlackRock, a leading global investment management corporation.
Investors looking to keep updated on hedge fund activities surrounding the iShares U.S. Treasury Bond ETF can visit HoldingsChannel.com for the latest 13F filings and insider trades.
This recent surge in institutional investment indicates a growing interest in U.S. Treasury securities, often viewed as a safe haven in uncertain economic times. With Lockheed Martin’s substantial investment, the iShares U.S. Treasury Bond ETF is poised for increased scrutiny from investors seeking stability in their portfolios.
