Archford Capital Strategies LLC Cuts Stock Position in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Archford Capital Strategies LLC reduced its holdings in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 93.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,484 shares of the company’s stock after selling 82,250 shares during the period. Archford Capital Strategies LLC’s holdings in iShares Short Treasury Bond ETF were worth $606,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. increased its position in shares of iShares Short Treasury Bond ETF by 8.5% during the first quarter. Oppenheimer & Co. Inc. now owns 272,883 shares of the company’s stock worth $30,143,000 after acquiring an additional 21,373 shares during the period. MinichMacGregor Wealth Management LLC increased its holdings in iShares Short Treasury Bond ETF by 13.3% during the 1st quarter. MinichMacGregor Wealth Management LLC now owns 87,009 shares of the company’s stock worth $9,611,000 after purchasing an additional 10,244 shares during the period. VanWeelden Wealth Management LLC increased its holdings in iShares Short Treasury Bond ETF by 19.3% during the 1st quarter. VanWeelden Wealth Management LLC now owns 53,983 shares of the company’s stock worth $5,963,000 after purchasing an additional 8,726 shares during the period. ERTS Wealth Advisors LLC increased its stake in shares of iShares Short Treasury Bond ETF by 2.8% during the first quarter. ERTS Wealth Advisors LLC now owns 6,266 shares of the company’s stock worth $692,000 after buying an additional 169 shares during the period. Finally, Advisor Resource Council purchased a new stake in shares of iShares Short Treasury Bond ETF during the first quarter worth approximately $3,170,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

iShares Short Treasury Bond ETF Stock Performance

SHV stock opened at $110.36 on Thursday. The company’s 50 day moving average price is $110.27 and its 200 day moving average price is $110.25. iShares Short Treasury Bond ETF has a fifty-two week low of $109.91 and a fifty-two week high of $110.64.

iShares Short Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a $0.397 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from iShares Short Treasury Bond ETF’s previous dividend of $0.37.

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.