Spartan Planning & Wealth Management Makes New Investment in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Spartan Planning & Wealth Management bought a new stake in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 33,698 shares of the company’s stock, valued at approximately $3,710,000. iShares Short Treasury Bond ETF makes up approximately 3.4% of Spartan Planning & Wealth Management’s portfolio, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHV. JPMorgan Chase & Co. boosted its holdings in shares of iShares Short Treasury Bond ETF by 23.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock worth $999,158,000 after buying an additional 1,732,399 shares during the period. FMR LLC lifted its position in iShares Short Treasury Bond ETF by 337.6% during the 3rd quarter. FMR LLC now owns 2,069,990 shares of the company’s stock worth $229,003,000 after acquiring an additional 1,596,924 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in iShares Short Treasury Bond ETF during the third quarter valued at about $27,104,000. Presidio Capital Management LLC bought a new position in shares of iShares Short Treasury Bond ETF in the third quarter worth about $15,477,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares Short Treasury Bond ETF during the 3rd quarter worth about $14,200,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Stock Performance

SHV traded up $0.01 during midday trading on Tuesday, reaching $110.19. The company’s stock had a trading volume of 1,251,737 shares, compared to its average volume of 2,111,268. The company has a fifty day simple moving average of $110.24 and a 200 day simple moving average of $110.31. iShares Short Treasury Bond ETF has a twelve month low of $109.91 and a twelve month high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.4268 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.12 annualized dividend and a dividend yield of 4.65%.

About iShares Short Treasury Bond ETF

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months.