iShares Short Treasury Bond ETF $SHV Holdings Increased by Townsend & Associates Inc

Townsend & Associates Inc lifted its position in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 624,339 shares of the company’s stock after purchasing an additional 9,668 shares during the period. iShares Short Treasury Bond ETF accounts for approximately 6.2% of Townsend & Associates Inc’s investment portfolio, making the stock its largest holding. Townsend & Associates Inc’s holdings in iShares Short Treasury Bond ETF were worth $68,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SHV. Bank of America Corp DE boosted its stake in shares of 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 worth $350,298,000 after buying an additional 579,074 shares during the last quarter. Maseco LLP purchased a new position in shares of iShares Short Treasury Bond ETF in the 4th quarter worth $37,518,000. UBS Group AG boosted its stake in shares of iShares Short Treasury Bond ETF by 11.3% in the 3rd quarter. UBS Group AG now owns 2,154,863 shares of the company’s stock worth $238,091,000 after buying an additional 219,146 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of iShares Short Treasury Bond ETF by 10.0% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,960,677 shares of the company’s stock worth $216,635,000 after buying an additional 177,915 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of iShares Short Treasury Bond ETF by 11.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,576,192 shares of the company’s stock worth $174,043,000 after buying an additional 160,138 shares during the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

iShares Short Treasury Bond ETF Stock Performance

SHV stock opened at $110.22 on Wednesday. iShares Short Treasury Bond ETF has a 1 year low of $110.02 and a 1 year high of $110.50. The stock’s fifty day moving average price is $110.23 and its 200-day moving average price is $110.26.

iShares Short Treasury Bond ETF Cuts Dividend

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