Laidlaw Wealth Management LLC Acquires 9,586 Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV)

Laidlaw Wealth Management LLC grew its position in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 22.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 51,675 shares of the company’s stock after acquiring an additional 9,586 shares during the period. iShares Short Treasury Bond ETF accounts for approximately 2.5% of Laidlaw Wealth Management LLC’s holdings, making the stock its 5th largest position. Laidlaw Wealth Management LLC’s holdings in iShares Short Treasury Bond ETF were worth $5,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of iShares Short Treasury Bond ETF in the third quarter valued at about $48,000. Glass Jacobson Investment Advisors llc lifted its stake in shares of iShares Short Treasury Bond ETF by 55.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock valued at $50,000 after purchasing an additional 162 shares during the period. Synergy Asset Management LLC acquired a new position in iShares Short Treasury Bond ETF during the fourth quarter worth about $51,000. Bristlecone Advisors LLC acquired a new position in iShares Short Treasury Bond ETF during the third quarter worth about $83,000. Finally, Kestra Investment Management LLC acquired a new position in iShares Short Treasury Bond ETF during the fourth quarter worth about $97,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Price Performance

NASDAQ:SHV opened at $110.28 on Wednesday. The firm has a 50 day simple moving average of $110.22 and a 200-day simple moving average of $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 business also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.4033 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.