J.W. Cole Advisors Inc. has significantly reduced its investment in the iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV), cutting its holdings by an impressive 91.0% during the second quarter of 2024. According to a recent filing with the Securities and Exchange Commission (SEC), the firm now holds just 6,389 shares of the ETF after divesting 64,845 shares in the same period. The total value of J.W. Cole Advisors’ holdings in the ETF is approximately $643,000.
Changes in institutional investments have been notable, with several other firms adjusting their positions in the iShares 0-3 Month Treasury Bond ETF. Centerpoint Advisors LLC acquired a new stake during the first quarter, valued at around $25,000. Similarly, Smartleaf Asset Management LLC purchased a stake worth approximately $33,000 in the same quarter. Grove Bank & Trust also entered the fray, acquiring a new position worth $40,000 in the second quarter.
Crewe Advisors LLC took a new position in the ETF during the second quarter, estimated at about $57,000. Notably, Ameriflex Group Inc. increased its holdings dramatically by 396.8% during the same period, now owning 626 shares valued at $63,000 after acquiring an additional 500 shares.
Market Performance Overview
The iShares 0-3 Month Treasury Bond ETF opened at $100.67 on the latest trading day. The ETF has experienced a fifty-two week low of $100.15 and a high of $100.74. Its performance is reflected in a 50-day simple moving average of $100.56 and a 200-day simple moving average of $100.55.
Investors interested in tracking the latest activity around iShares 0-3 Month Treasury Bond ETF and other hedge funds can visit HoldingsChannel.com for updated information on 13F filings and insider trades.
As institutional investors continue to navigate the changing financial landscape, the adjustments made by firms like J.W. Cole Advisors Inc. highlight the dynamic nature of investment strategies in the current economic environment.
