Jessup Wealth Management Inc Boosts Position in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Jessup Wealth Management Inc lifted its position in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 41.1% in the fourth quarter, HoldingsChannel reports. The firm owned 3,308 shares of the company’s stock after buying an additional 964 shares during the period. Jessup Wealth Management Inc’s holdings in iShares Short Treasury Bond ETF were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHV. Alpha Financial Partners LLC acquired a new stake in shares of iShares Short Treasury Bond ETF during the 3rd quarter worth approximately $2,192,000. Signaturefd LLC increased its stake in iShares Short Treasury Bond ETF by 6.0% during the third quarter. Signaturefd LLC now owns 2,963 shares of the company’s stock worth $328,000 after acquiring an additional 169 shares during the last quarter. Alexander Labrunerie & CO. Inc. purchased a new stake in iShares Short Treasury Bond ETF in the third quarter valued at $6,232,000. Tempus Wealth Planning LLC acquired a new position in shares of iShares Short Treasury Bond ETF in the 3rd quarter valued at $552,000. Finally, Private Advisor Group LLC grew its holdings in shares of iShares Short Treasury Bond ETF by 71.6% during the 3rd quarter. Private Advisor Group LLC now owns 97,505 shares of the company’s stock worth $10,787,000 after purchasing an additional 40,696 shares during the period. 7.10% of the stock is currently owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Price Performance

Shares of NASDAQ:SHV opened at $110.31 on Thursday. iShares Short Treasury Bond ETF has a 12-month low of $109.91 and a 12-month high of $110.64. The business has a 50-day moving average price of $110.22 and a 200 day moving average price of $110.31.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.4033 dividend. The ex-dividend date was Monday, February 3rd.

iShares Short Treasury Bond ETF 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.