Merit Financial Group LLC Makes New $1.86 Million Investment in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Merit Financial Group LLC acquired a new stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 16,866 shares of the company’s stock, valued at approximately $1,858,000.

A number of other hedge funds have also modified their holdings of SHV. Institute for Wealth Management LLC. raised its stake in shares of iShares Short Treasury Bond ETF by 7.9% during the fourth quarter. Institute for Wealth Management LLC. now owns 36,034 shares of the company’s stock worth $3,968,000 after purchasing an additional 2,636 shares during the last quarter. Americana Partners LLC lifted its stake in shares of iShares Short Treasury Bond ETF by 217.9% in the 3rd quarter. Americana Partners LLC now owns 354,635 shares of the company’s stock worth $40,118,000 after acquiring an additional 243,084 shares during the period. Paulson Wealth Management Inc. boosted its holdings in shares of iShares Short Treasury Bond ETF by 1.4% in the third quarter. Paulson Wealth Management Inc. now owns 81,117 shares of the company’s stock valued at $8,961,000 after acquiring an additional 1,089 shares in the last quarter. Strategic Point Investment Advisors LLC increased its stake in shares of iShares Short Treasury Bond ETF by 2.1% during the third quarter. Strategic Point Investment Advisors LLC now owns 170,079 shares of the company’s stock worth $18,789,000 after acquiring an additional 3,562 shares during the period. Finally, SOL Capital Management CO raised its holdings in iShares Short Treasury Bond ETF by 36.6% during the fourth quarter. SOL Capital Management CO now owns 13,576 shares of the company’s stock worth $1,495,000 after purchasing an additional 3,636 shares in the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

iShares Short Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHV opened at $110.11 on Friday. The company has a 50-day moving average price of $110.30 and a 200 day moving average price of $110.28. iShares Short Treasury Bond ETF has a 52 week low of $109.85 and a 52 week high of $110.60.

iShares Short Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be paid a $0.4637 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $5.56 dividend on an annualized basis and a dividend yield of 5.05%.

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.