Axis Wealth Partners LLC has reduced its holdings in the iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV) by 31.3% during the third quarter, according to the firm’s recent 13F filing with the U.S. Securities and Exchange Commission (SEC). Following the sale of 7,954 shares, Axis Wealth Partners now holds 17,495 shares, which represents approximately 1.0% of its total investment portfolio, making it the firm’s 25th largest position.
As of the latest filing, the value of Axis Wealth Partners’ holdings in the iShares 0-3 Month Treasury Bond ETF is estimated at $1,762,000. The ETF primarily invests in U.S. Treasury bonds with maturities of three months or less, and it is managed by BlackRock.
Several other institutional investors have also made significant adjustments to their positions in the iShares 0-3 Month Treasury Bond ETF. For instance, Brighton Jones LLC acquired a new stake valued at approximately $4,810,000 in the fourth quarter. Meanwhile, Bison Wealth LLC increased its holdings by 161.2%, now owning 28,209 shares worth about $2,830,000 after purchasing an additional 17,409 shares.
Other notable investors include AQR Capital Management LLC, which purchased a new stake worth $207,000, and Goldman Sachs Group Inc., acquiring a stake valued at $810,000. Additionally, UBS Asset Management, a distinct business unit of UBS, invested around $42,738,000 in the ETF during the first quarter.
Current Trading Performance
Shares of the iShares 0-3 Month Treasury Bond ETF opened at $100.47 on the most recent trading day. The ETF has 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 experienced a low of $100.27 and a high of $100.74.
The iShares 0-3 Month Treasury Bond ETF, launched on May 26, 2020, aims to track a market-value weighted index of U.S. Treasury securities maturing in three months or less. As interest rates fluctuate, such investment vehicles continue to attract institutional and individual investors seeking stability in uncertain economic conditions.
For more detailed information about institutional holdings and the latest transactions involving the iShares 0-3 Month Treasury Bond ETF, interested parties can visit HoldingsChannel.com, which provides insights into recent 13F filings and insider trades.
