Alterna Wealth Management Inc. Buys 27,344 Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV)

Alterna Wealth Management Inc. grew its stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 71.6% during the third quarter, HoldingsChannel reports. The firm owned 65,531 shares of the company’s stock after buying an additional 27,344 shares during the quarter. iShares Short Treasury Bond ETF accounts for about 6.5% of Alterna Wealth Management Inc.’s investment portfolio, making the stock its largest holding. Alterna Wealth Management Inc.’s holdings in iShares Short Treasury Bond ETF were worth $7,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SHV. J.Safra Asset Management Corp increased its stake in shares of iShares Short Treasury Bond ETF by 78.6% in the 1st quarter. J.Safra Asset Management Corp now owns 250 shares of the company’s stock valued at $28,000 after acquiring an additional 110 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of iShares Short Treasury Bond ETF in the 2nd quarter valued at $40,000. Benjamin F. Edwards & Company Inc. acquired a new stake in iShares Short Treasury Bond ETF in the 2nd quarter valued at $43,000. Massmutual Trust Co. FSB ADV acquired a new stake in iShares Short Treasury Bond ETF in the 2nd quarter valued at $48,000. Finally, Financial Gravity Asset Management Inc. grew its position in iShares Short Treasury Bond ETF by 1,323.5% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 484 shares of the company’s stock valued at $53,000 after purchasing an additional 450 shares during the period. Institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Price Performance

NASDAQ SHV opened at $110.17 on Tuesday. The company has a fifty day simple moving average of $110.40 and a 200 day simple moving average of $110.33. iShares Short Treasury Bond ETF has a 12-month low of $109.85 and a 12-month high of $110.64.

iShares Short Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.4668 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 5.09%. This is a boost from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47. The ex-dividend date of this dividend is Friday, November 1st.

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.