Investment Management Associates Inc. ADV Trims Stake in iShares Short Treasury Bond ETF $SHV

Investment Management Associates Inc. ADV trimmed its holdings in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 41.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,872 shares of the company’s stock after selling 15,383 shares during the quarter. iShares Short Treasury Bond ETF comprises about 0.8% of Investment Management Associates Inc. ADV’s holdings, making the stock its 19th largest position. Investment Management Associates Inc. ADV’s holdings in iShares Short Treasury Bond ETF were worth $2,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Assetmark Inc. grew its position in iShares Short Treasury Bond ETF by 4.6% during the second quarter. Assetmark Inc. now owns 650,493 shares of the company’s stock worth $71,827,000 after buying an additional 28,727 shares in the last quarter. Keybank National Association OH lifted its stake in iShares Short Treasury Bond ETF by 14.0% during the second quarter. Keybank National Association OH now owns 38,785 shares of the company’s stock worth $4,283,000 after purchasing an additional 4,756 shares during the last quarter. Premier Path Wealth Partners LLC lifted its stake in iShares Short Treasury Bond ETF by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 29,595 shares of the company’s stock worth $3,268,000 after purchasing an additional 284 shares during the last quarter. Spire Wealth Management lifted its stake in iShares Short Treasury Bond ETF by 5.4% during the second quarter. Spire Wealth Management now owns 42,458 shares of the company’s stock worth $4,688,000 after purchasing an additional 2,182 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in iShares Short Treasury Bond ETF by 13.4% during the second quarter. Arkadios Wealth Advisors now owns 12,584 shares of the company’s stock worth $1,390,000 after purchasing an additional 1,484 shares during the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

iShares Short Treasury Bond ETF Stock Down 0.0%

Shares of SHV stock opened at $110.46 on Thursday. The business has a 50-day moving average price of $110.34 and a two-hundred day moving average price of $110.29. iShares Short Treasury Bond ETF has a 12-month low of $109.91 and a 12-month high of $110.57.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.3674 per share. The ex-dividend date of this dividend was Wednesday, October 1st.

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.