Axis Wealth Partners LLC has significantly reduced its holdings in the iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV) by 31.3% during the third quarter of 2023. According to the firm’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC), the institutional investor sold 7,954 shares, leaving it with 17,495 shares in total. This ETF now constitutes 1.0% of Axis Wealth Partners’ overall portfolio, ranking as its 25th largest position.
As of the most recent SEC filing, the value of Axis Wealth Partners’ investment in the iShares 0-3 Month Treasury Bond ETF stood at approximately $1,762,000. Other institutional investors have also adjusted their positions in this ETF, reflecting a growing interest in U.S. Treasury securities.
Brighton Jones LLC made a notable entry into the iShares ETF during the fourth quarter, acquiring a new position valued at around $4,810,000. Meanwhile, Bison Wealth LLC increased its stake by 161.2% during the same period, now holding 28,209 shares worth approximately $2,830,000 after purchasing an additional 17,409 shares.
AQR Capital Management LLC and Goldman Sachs Group Inc. also entered the market, with the former buying a new position valued at $207,000 and the latter acquiring a stake worth $810,000 in the first quarter. Additionally, UBS Asset Management Americas LLC invested significantly, purchasing shares valued at approximately $42,738,000 during the same period.
Current Market Performance of the ETF
The iShares 0-3 Month Treasury Bond ETF opened at $100.47 on Friday. The fund has shown stability, with its 50-day simple moving average at $100.46 and a 200-day simple moving average of $100.52. Over the past year, the ETF has fluctuated between a low of $100.27 and a high of $100.74.
About the iShares 0-3 Month Treasury Bond ETF
The iShares 0-3 Month Treasury Bond ETF, also known as SGOV, is an exchange-traded fund primarily focused on investment-grade fixed-income securities. It tracks a market-value weighted index of U.S. Treasury securities that mature in three months or less. Launched on May 26, 2020, the fund is managed by BlackRock, a global leader in investment management.
As the market continues to adapt to changing economic conditions, the adjustments by Axis Wealth Partners and other institutional investors indicate a strategic approach towards treasury securities, particularly those with short maturities. Factors influencing these decisions may include interest rate expectations and overall market volatility.
For further details on institutional holdings and trades related to the iShares 0-3 Month Treasury Bond ETF, investors can visit HoldingsChannel.com to access the latest 13F filings and insider trade information.
