Astoria Portfolio Advisors LLC increased its holdings in the iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV) by an impressive 187.2% during the third quarter of 2023. According to the company’s recent filing with the Securities and Exchange Commission, Astoria now owns 22,149 shares of the ETF, having acquired an additional 14,437 shares during this period. This investment now constitutes approximately 0.6% of Astoria’s total portfolio, making the ETF its 28th largest holding with a value of approximately $2.23 million.
The interest in the iShares 0-3 Month Treasury Bond ETF reflects broader market trends, as other institutional investors have also made significant adjustments to their holdings. For instance, during the first quarter, Smartleaf Asset Management LLC initiated a new position valued at $33,000. Similarly, Grove Bank & Trust and Crewe Advisors LLC entered the ETF market with stakes worth around $40,000 and $57,000 respectively during the second quarter.
Ameriflex Group Inc. notably increased its position by 396.8% in the same quarter, bringing its total ownership to 626 shares, valued at approximately $63,000 after purchasing an additional 500 shares. Additionally, Clarity Asset Management Inc. acquired a new position in the ETF worth about $72,000.
ETF Performance Overview
As of the latest trading session, the iShares 0-3 Month Treasury Bond ETF opened at $100.28. The fund has experienced a 12-month low of $100.20 and a 12-month high of $100.74. The ETF’s 50-day moving average stands at $100.53, with a 200-day moving average of $100.54.
The iShares 0-3 Month Treasury Bond ETF, managed by BlackRock, primarily invests in investment-grade fixed-income securities. The fund tracks a market-value weighted index of U.S. Treasurys with maturities of three months or less. Launched on May 26, 2020, it remains a popular choice for investors seeking stability in a fluctuating market.
The recent activity surrounding the ETF underscores the growing interest among institutional investors in short-term treasury investments, particularly in the current economic climate. As these firms adjust their portfolios in response to market conditions, the iShares 0-3 Month Treasury Bond ETF continues to play a crucial role in their strategies.
