Silver Lake Advisory LLC significantly increased its investment in the iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV) during the third quarter, acquiring an additional 94,111 shares. This acquisition raised the firm’s total holdings to 113,800 shares, representing a remarkable increase of 478%, according to the latest Form 13F filing with the Securities and Exchange Commission. The ETF now constitutes approximately 4.6% of Silver Lake Advisory’s portfolio, making it the firm’s second-largest holding.
The value of Silver Lake Advisory’s stake in the iShares 0-3 Month Treasury Bond ETF reached $11,460,000 at the end of the quarter. This strategic move aligns with a broader trend, as several other hedge funds have also modified their positions in SGOV recently.
Among these, Smartleaf Asset Management LLC initiated a new investment in the ETF during the first quarter, valued at around $33,000. Grove Bank & Trust and Crewe Advisors LLC followed suit, with new positions valued at approximately $40,000 and $57,000, respectively, during the second quarter. Additionally, Ameriflex Group Inc. heightened its stake by 396.8%, now owning 626 shares with a total value of about $63,000 after acquiring an extra 500 shares. Clarity Asset Management Inc. also entered the market with a new investment of $72,000 in the same period.
Current Market Performance
As of Wednesday, SGOV stock opened at $100.29. The ETF has experienced slight fluctuations, with a 50-day moving average price of $100.52 and a 200-day moving average price of $100.54. Over the past year, the ETF recorded a low of $100.24 and a high of $100.74.
The iShares 0-3 Month Treasury Bond ETF primarily invests in investment-grade fixed income, tracking a market-value-weighted index of US Treasuries maturing in three months or less. Launched on May 26, 2020, the fund is managed by BlackRock, a leading asset management firm.
For those interested in further developments, additional details about hedge fund holdings in SGOV can be found on HoldingsChannel.com, which provides the latest 13F filings and insider trading information related to the ETF. Subscribers can also receive daily summaries of news and analysts’ ratings for the iShares 0-3 Month Treasury Bond ETF and similar companies through MarketBeat’s email newsletter.
