Astoria Portfolio Advisors LLC has significantly increased its holdings 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 company’s recent filing with the Securities and Exchange Commission, Astoria now owns 22,149 shares after acquiring an additional 14,437 shares during this period. The ETF now represents approximately 0.6% of Astoria’s total investment portfolio, making it the firm’s 28th largest holding.
At the end of the most recent reporting period, Astoria’s investments in the iShares 0-3 Month Treasury Bond ETF were valued at approximately $2.23 million. This move reflects a growing interest among institutional investors in short-term treasury bonds, particularly as economic conditions evolve.
Other hedge funds have also made notable adjustments to their holdings in the iShares 0-3 Month Treasury Bond ETF. For instance, Smartleaf Asset Management LLC acquired a new position valued at $33,000 in the first quarter. In the second quarter, Grove Bank & Trust purchased a stake worth about $40,000, while Crewe Advisors LLC invested approximately $57,000. Additionally, Ameriflex Group Inc. increased its position by a striking 396.8%, now holding 626 shares valued at around $63,000 after buying 500 shares in the last quarter. Finally, Clarity Asset Management Inc. also entered the market with a new position valued at roughly $72,000.
The iShares 0-3 Month Treasury Bond ETF, which focuses on investment-grade fixed income securities, opened at $100.28 on Friday. Over the past year, the ETF has seen a low of $100.20 and a high of $100.74. Its 50-day moving average stands at $100.53, while the 200-day moving average is at $100.54.
Launched on May 26, 2020, the iShares 0-3 Month Treasury Bond ETF is managed by BlackRock and aims to track a market-value weighted index of U.S. Treasurys maturing in three months or less. This ETF is gaining traction among investors looking for stability amid fluctuating economic conditions.
As hedge funds continue to adjust their strategies, it remains to be seen how these movements will influence the broader market. For those interested in tracking the latest hedge fund activities in this ETF, resources such as HoldingsChannel.com provide updated 13F filings and insider trades for the iShares 0-3 Month Treasury Bond ETF.
