Lockheed Martin Investment Management Co. has established a new position in the iShares U.S. Treasury Bond ETF (BATS:GOVT) during the second quarter of the year, according to HoldingsChannel.com. The institutional investor acquired 950,000 shares of the ETF, valued at approximately $21,831,000. This investment underscores a growing interest among various hedge funds and institutional investors in U.S. Treasury securities.
Several other firms have also recently adjusted their holdings in the iShares U.S. Treasury Bond ETF. VSM Wealth Advisory LLC entered a new position in the first quarter, investing about $26,000. Similarly, TruNorth Capital Management LLC acquired shares valued at approximately $33,000 during the same period. In the second quarter, Oliver Lagore Vanvalin Investment Group made a new investment in the ETF worth around $39,000, while SOA Wealth Advisors LLC significantly increased its stake by 424.7%, bringing its total ownership to 1,679 shares valued at $39,000 after buying an additional 1,359 shares. Blume Capital Management Inc. also joined the ranks of institutional investors by acquiring a new position worth about $40,000.
Market Performance of iShares U.S. Treasury Bond ETF
As of the latest trading session, shares of BATS:GOVT opened at $23.20. The ETF has a 50-day simple moving average of $23.13 and a 200-day simple moving average of $22.90. The iShares U.S. Treasury Bond ETF tracks the ICE U.S. Treasury Core Bond Index, which encompasses a market-weighted index of fixed-rate, non-convertible U.S. Treasury securities with remaining maturities of one year or more. Launched on February 14, 2012, the fund is managed by BlackRock, a leading global asset management firm.
The recent investments highlight a trend among institutional investors seeking stable returns through U.S. Treasury securities, especially in an uncertain economic environment. Such securities are often viewed as a safe haven, particularly during periods of market volatility.
For those interested in tracking the movements of other hedge funds in relation to the iShares U.S. Treasury Bond ETF, HoldingsChannel.com provides the latest 13F filings and insider trades.
In summary, the acquisition by Lockheed Martin Investment Management Co., along with other institutional investments, reflects a strategic move toward securing reliable financial assets in a challenging market landscape.
