Axis Wealth Partners LLC has decreased 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 Securities and Exchange Commission (SEC), Axis Wealth Partners sold 7,954 shares, bringing its total ownership to 17,495 shares. The iShares ETF now constitutes 1.0% of Axis Wealth Partners’ overall portfolio, ranking as its 25th largest position.
As of the most recent filing, Axis Wealth Partners’ stake in the iShares 0-3 Month Treasury Bond ETF was valued at approximately $1,762,000. This adjustment reflects broader market trends as various hedge funds reevaluate their investment strategies.
Other Hedge Fund Activity
In addition to Axis Wealth Partners, several other investment firms have made changes to their positions in the iShares ETF. For instance, Brighton Jones LLC established a new position in the fund during the fourth quarter, investing around $4,810,000. Meanwhile, Bison Wealth LLC increased its stake by an impressive 161.2%, acquiring an additional 17,409 shares to reach a total of 28,209 shares, valued at approximately $2,830,000.
Furthermore, AQR Capital Management LLC and Goldman Sachs Group Inc. also entered new positions in the iShares ETF, with investments of $207,000 and $810,000 respectively. UBS Asset Management Americas LLC made a significant move as well, purchasing a stake valued at approximately $42,738,000 in the first quarter of 2023.
Current Performance of iShares SGOV
As of the latest trading session, shares of the iShares 0-3 Month Treasury Bond ETF opened at $100.47. 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, SGOV has seen a low of $100.27 and a high of $100.74.
The iShares 0-3 Month Treasury Bond ETF is designed for investors seeking exposure to high-quality, short-term U.S. Treasury securities. Launched on May 26, 2020, and managed by BlackRock, the fund tracks a market-value weighted index of U.S. Treasurys maturing in three months or less.
Investors interested in tracking the activities of other hedge funds holding SGOV can access the latest 13F filings and insider trades through financial information platforms.
