Patriot Investment Management Group Inc. Reduces Stock Holdings in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Patriot Investment Management Group Inc. cut its holdings in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,099 shares of the company’s stock after selling 147 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in iShares Short Treasury Bond ETF were worth $451,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of iShares Short Treasury Bond ETF by 23.7% during the third quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock valued at $999,158,000 after acquiring an additional 1,732,399 shares during the last quarter. FMR LLC increased its stake in iShares Short Treasury Bond ETF by 337.6% in the third quarter. FMR LLC now owns 2,069,990 shares of the company’s stock valued at $229,003,000 after purchasing an additional 1,596,924 shares during the last quarter. Divergent Wealth Advisors lifted its position in iShares Short Treasury Bond ETF by 5.5% during the third quarter. Divergent Wealth Advisors now owns 1,156,791 shares of the company’s stock worth $127,976,000 after buying an additional 60,638 shares during the period. Stifel Financial Corp boosted its stake in iShares Short Treasury Bond ETF by 5.2% in the 3rd quarter. Stifel Financial Corp now owns 599,055 shares of the company’s stock worth $66,274,000 after buying an additional 29,814 shares during the last quarter. Finally, Cynosure Group LLC grew its holdings in iShares Short Treasury Bond ETF by 3.2% in the 3rd quarter. Cynosure Group LLC now owns 560,749 shares of the company’s stock valued at $62,036,000 after buying an additional 17,145 shares during the period. 7.10% of the stock is owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Price Performance

NASDAQ:SHV opened at $110.38 on Friday. iShares Short Treasury Bond ETF has a 12 month low of $109.91 and a 12 month high of $110.64. The business’s 50-day moving average is $110.23 and its two-hundred day moving average is $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.4268 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.