Archer Investment Corp Buys 409 Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV)

Archer Investment Corp increased its stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,182 shares of the company’s stock after buying an additional 409 shares during the period. Archer Investment Corp’s holdings in iShares Short Treasury Bond ETF were worth $795,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of iShares Short Treasury Bond ETF during the second quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of iShares Short Treasury Bond ETF during the second quarter valued at approximately $43,000. Massmutual Trust Co. FSB ADV bought a new position in shares of iShares Short Treasury Bond ETF during the second quarter valued at approximately $48,000. Financial Gravity Asset Management Inc. grew its holdings in shares of iShares Short Treasury Bond ETF by 1,323.5% during the second quarter. Financial Gravity Asset Management Inc. now owns 484 shares of the company’s stock valued at $53,000 after buying an additional 450 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of iShares Short Treasury Bond ETF by 56.9% during the first quarter. Abich Financial Wealth Management LLC now owns 590 shares of the company’s stock valued at $65,000 after buying an additional 214 shares during the last quarter. 7.10% of the stock is owned by institutional investors.

iShares Short Treasury Bond ETF Trading Up 0.0 %

Shares of NASDAQ:SHV traded up $0.03 during trading on Friday, reaching $110.32. 1,005,638 shares of the stock traded hands, compared to its average volume of 2,939,243. The stock has a 50-day moving average of $110.37 and a two-hundred day moving average of $110.33. iShares Short Treasury Bond ETF has a 52-week low of $109.85 and a 52-week high of $110.64.

iShares Short Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.4668 per share. This is a boost from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47. The ex-dividend date of this dividend was Friday, November 1st. This represents a $5.60 dividend on an annualized basis and a dividend yield of 5.08%.

iShares Short Treasury Bond ETF Company 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.