Astoria Portfolio Advisors LLC has significantly increased its investment in the iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV), raising its position by an impressive 187.2% during the third quarter of 2023. According to the latest filing with the Securities and Exchange Commission, the firm now holds 22,149 shares of the ETF after acquiring an additional 14,437 shares during this period. This investment accounts for approximately 0.6% of Astoria’s total holdings, positioning it as the firm’s 28th largest holding.
The value of Astoria’s holdings in the iShares 0-3 Month Treasury Bond ETF reached $2,225,000 at the conclusion of the recent reporting period. This decision reflects a strategic move by the institutional investor to capitalize on the stability that Treasury bonds offer, particularly in the current economic climate.
Several other hedge funds have also altered their positions in the iShares ETF recently. For instance, Smartleaf Asset Management LLC initiated a new position valued at $33,000 during the first quarter. Meanwhile, Grove Bank & Trust acquired shares worth about $40,000 in the second quarter. Additionally, Crewe Advisors LLC purchased shares valued at approximately $57,000, and Ameriflex Group Inc. significantly boosted its stake by 396.8%, resulting in ownership of 626 shares worth $63,000 after buying 500 additional shares.
Clarity Asset Management Inc. also entered the market with a new position valued at around $72,000 during the second quarter. These movements indicate a growing interest in the iShares 0-3 Month Treasury Bond ETF, which is managed by BlackRock and primarily invests in high-quality fixed-income securities.
As of the latest trading, the iShares 0-3 Month Treasury Bond ETF opened at $100.28. The ETF has experienced a 12-month low of $100.20 and a 12-month high of $100.74. Its 50-day moving average stands at $100.53, while the 200-day moving average is slightly higher at $100.54.
The iShares 0-3 Month Treasury Bond ETF was launched on May 26, 2020. It tracks an index composed of U.S. Treasury securities with maturities of three months or less, making it an appealing choice for investors seeking short-term investment options amidst economic volatility.
For those interested in tracking institutional investments, platforms like HoldingsChannel.com provide insights into the latest 13F filings and insider trades related to the iShares 0-3 Month Treasury Bond ETF.
