Edge Wealth Management LLC Cuts Position in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Edge Wealth Management LLC decreased its position in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 74.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,697 shares of the company’s stock after selling 7,880 shares during the period. Edge Wealth Management LLC’s holdings in iShares Short Treasury Bond ETF were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SHV. JPMorgan Chase & Co. raised 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 valued at $999,158,000 after buying an additional 1,732,399 shares in the last quarter. FMR LLC grew its holdings in iShares Short Treasury Bond ETF by 337.6% in 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. Divergent Wealth Advisors increased its position in shares of iShares Short Treasury Bond ETF by 5.5% in the third quarter. Divergent Wealth Advisors now owns 1,156,791 shares of the company’s stock valued at $127,976,000 after acquiring an additional 60,638 shares during the period. Stifel Financial Corp raised its stake in shares of iShares Short Treasury Bond ETF by 5.2% during the third quarter. Stifel Financial Corp now owns 599,055 shares of the company’s stock valued at $66,274,000 after acquiring an additional 29,814 shares during the last quarter. Finally, Cynosure Group LLC boosted its holdings in shares of iShares Short Treasury Bond ETF by 3.2% during the third quarter. Cynosure Group LLC now owns 560,749 shares of the company’s stock worth $62,036,000 after purchasing an additional 17,145 shares during the period. Institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHV opened at $110.29 on Friday. The stock’s 50-day moving average is $110.22 and its 200 day moving average is $110.31. iShares Short Treasury Bond ETF has a 1 year low of $109.91 and a 1 year high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.4268 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.12 annualized dividend and a dividend yield of 4.64%.

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.