iShares Short Treasury Bond ETF (NASDAQ:SHV) Stock Position Raised by Drive Wealth Management LLC

Drive Wealth Management LLC grew its holdings in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 26.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,805 shares of the company’s stock after buying an additional 15,915 shares during the quarter. iShares Short Treasury Bond ETF accounts for about 2.2% of Drive Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Drive Wealth Management LLC’s holdings in iShares Short Treasury Bond ETF were worth $8,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in shares of iShares Short Treasury Bond ETF during the 2nd quarter valued at about $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. raised its position in shares of iShares Short Treasury Bond ETF by 1,323.5% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 484 shares of the company’s stock worth $53,000 after purchasing an additional 450 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of iShares Short Treasury Bond ETF by 56.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 590 shares of the company’s stock worth $65,000 after purchasing an additional 214 shares during the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Stock Performance

NASDAQ:SHV opened at $110.31 on Monday. iShares Short Treasury Bond ETF has a 12-month low of $109.85 and a 12-month high of $110.64. The business has a 50 day simple moving average of $110.37 and a 200 day simple moving average of $110.33.

iShares Short Treasury Bond ETF Increases Dividend

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

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.