iShares Short Treasury Bond ETF (NASDAQ:SHV) Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC cut its holdings in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 5.3% in the 1st quarter, Holdings Channel reports. The firm owned 78,711 shares of the company’s stock after selling 4,419 shares during the period. Meridian Wealth Management LLC’s holdings in iShares Short Treasury Bond ETF were worth $8,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in iShares Short Treasury Bond ETF by 11.4% during the first quarter. LPL Financial LLC now owns 2,126,145 shares of the company’s stock valued at $234,854,000 after purchasing an additional 218,182 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares Short Treasury Bond ETF by 4.7% during the first quarter. JPMorgan Chase & Co. now owns 1,831,952 shares of the company’s stock valued at $202,357,000 after acquiring an additional 82,835 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of iShares Short Treasury Bond ETF by 108.4% during the first quarter. Wealthfront Advisers LLC now owns 1,534,178 shares of the company’s stock valued at $169,465,000 after acquiring an additional 798,167 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares Short Treasury Bond ETF by 25.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,517,183 shares of the company’s stock valued at $167,588,000 after acquiring an additional 305,749 shares during the period. Finally, Marks Wealth LLC acquired a new stake in shares of iShares Short Treasury Bond ETF during the first quarter valued at approximately $155,771,000. 7.10% of the stock is owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Stock Performance

SHV stock opened at $110.21 on Monday. iShares Short Treasury Bond ETF has a 52-week low of $109.91 and a 52-week high of $110.64. The company’s 50 day simple moving average is $110.23 and its 200-day simple moving average is $110.27.

iShares Short Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Friday, August 1st were issued a dividend of $0.3847 per share. This is an increase from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.38. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, August 1st.

iShares Short Treasury Bond ETF Profile

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.