Axis Wealth Partners LLC has significantly reduced its investment in the iShares 0-3 Month Treasury Bond ETF (NYSEARCA: SGOV), selling 7,954 shares during the third quarter. This decision, reflected in its latest 13F filing with the Securities and Exchange Commission (SEC), brings the company’s total holdings in the ETF to 17,495 shares. The iShares 0-3 Month Treasury Bond ETF now accounts for 1.0% of Axis Wealth Partners’ overall portfolio, ranking as its 25th largest position.
As of the most recent filing, the value of Axis Wealth Partners’ holdings in the ETF stands at approximately $1,762,000. This move is part of a broader trend, as other institutional investors have also adjusted their positions in the fund. For instance, Brighton Jones LLC initiated a new stake in the ETF in the fourth quarter, investing around $4,810,000.
Other Notable Transactions in iShares ETF
Bison Wealth LLC has increased its investment significantly, raising its position in the iShares 0-3 Month Treasury Bond ETF by 161.2% during the fourth quarter. Bison Wealth now owns 28,209 shares, worth approximately $2,830,000, after acquiring an additional 17,409 shares.
Several other firms have also made notable investments in the ETF. AQR Capital Management LLC entered the market during the first quarter with a stake valued at $207,000, while Goldman Sachs Group Inc. purchased an investment worth $810,000. Furthermore, UBS Asset Management, through its distinct business unit, acquired a substantial new stake valued at about $42,738,000 in the first quarter.
Current Performance of the iShares ETF
As of the latest trading session, shares of the iShares 0-3 Month Treasury Bond ETF opened at $100.47. The ETF has demonstrated stability with a 50-day simple moving average of $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.
The iShares 0-3 Month Treasury Bond ETF, launched on May 26, 2020, primarily invests in investment-grade fixed income securities. It tracks a market-value weighted index of U.S. Treasuries that mature in three months or less. The fund is managed by BlackRock, a prominent player in the asset management industry.
Investors and analysts will continue to monitor these developments closely, as changes in holdings among institutional investors may indicate broader market trends. For the latest information on hedge fund positions and transactions related to the iShares 0-3 Month Treasury Bond ETF, resources such as HoldingsChannel.com provide updated data on 13F filings and insider trades.