Spartan Planning & Wealth Management Invests $3.71 Million in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Spartan Planning & Wealth Management acquired a new stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 33,698 shares of the company’s stock, valued at approximately $3,710,000. iShares Short Treasury Bond ETF comprises about 3.4% of Spartan Planning & Wealth Management’s investment portfolio, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHV. JPMorgan Chase & Co. raised 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 purchasing an additional 1,732,399 shares in the last quarter. FMR LLC raised its position in shares of iShares Short Treasury Bond ETF by 337.6% during the 3rd quarter. FMR LLC now owns 2,069,990 shares of the company’s stock worth $229,003,000 after buying an additional 1,596,924 shares in the last quarter. LPL Financial LLC lifted its stake in shares of iShares Short Treasury Bond ETF by 4.7% in the 2nd quarter. LPL Financial LLC now owns 1,785,274 shares of the company’s stock worth $197,273,000 after acquiring an additional 80,700 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Short Treasury Bond ETF by 6.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,583,675 shares of the company’s stock valued at $174,996,000 after acquiring an additional 99,530 shares in the last quarter. Finally, Divergent Wealth Advisors increased its stake in shares of 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 valued at $127,976,000 after acquiring an additional 60,638 shares during the period. 7.10% of the stock is owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHV traded up $0.01 during trading hours on Tuesday, hitting $110.19. 1,251,737 shares of the company’s stock traded hands, compared to its average volume of 2,111,268. The company’s fifty day simple moving average is $110.24 and its two-hundred day simple moving average is $110.31. iShares Short Treasury Bond ETF has a 52 week low of $109.91 and a 52 week high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.4268 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.12 annualized dividend and a yield of 4.65%.

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.