Summit Wealth Partners LLC Invests $249,000 in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Summit Wealth Partners LLC purchased a new stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,248 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors have also made changes to their positions in the stock. J.Safra Asset Management Corp lifted its stake in iShares Short Treasury Bond ETF by 78.6% during the first quarter. J.Safra Asset Management Corp now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 110 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of iShares Short Treasury Bond ETF during the second quarter worth $40,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of iShares Short Treasury Bond ETF during the second quarter worth $43,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of iShares Short Treasury Bond ETF during the second quarter worth $48,000. Finally, Financial Gravity Asset Management Inc. increased 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 worth $53,000 after buying an additional 450 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors.

iShares Short Treasury Bond ETF Trading Up 0.0 %

Shares of NASDAQ:SHV opened at $110.15 on Friday. The company has a fifty day moving average of $110.40 and a 200-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 business also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.4668 per share. The ex-dividend date is Friday, November 1st. This is an increase from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47. This represents a $5.60 annualized dividend and a dividend yield of 5.09%.

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.