Savvy Advisors Inc. Boosts Stake in iShares Short Treasury Bond ETF $SHV

Savvy Advisors Inc. raised its position in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 487.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,088 shares of the company’s stock after purchasing an additional 10,031 shares during the period. Savvy Advisors Inc.’s holdings in iShares Short Treasury Bond ETF were worth $1,332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHV. Bank of America Corp DE increased its stake in iShares Short Treasury Bond ETF by 22.3% in the 2nd quarter. Bank of America Corp DE now owns 3,172,414 shares of the company’s stock valued at $350,298,000 after buying an additional 579,074 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its position in shares of iShares Short Treasury Bond ETF by 10,459.3% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 469,255 shares of the company’s stock valued at $51,815,000 after acquiring an additional 464,811 shares during the period. Modern Wealth Management LLC bought a new position in shares of iShares Short Treasury Bond ETF during the 2nd quarter valued at approximately $26,080,000. UBS Group AG grew its position in shares of iShares Short Treasury Bond ETF by 11.3% during the 3rd quarter. UBS Group AG now owns 2,154,863 shares of the company’s stock valued at $238,091,000 after acquiring an additional 219,146 shares during the period. Finally, Wealthfront Advisers LLC grew its position in shares of iShares Short Treasury Bond ETF by 10.0% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,960,677 shares of the company’s stock valued at $216,635,000 after acquiring an additional 177,915 shares during the period. Hedge funds and other institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Price Performance

iShares Short Treasury Bond ETF stock opened at $110.13 on Tuesday. iShares Short Treasury Bond ETF has a twelve month low of $110.02 and a twelve month high of $110.50. The firm has a 50 day moving average price of $110.25 and a 200-day moving average price of $110.27.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.342 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.