Morris Financial Concepts Inc. Has $5.67 Million Holdings in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Morris Financial Concepts Inc. boosted its stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 2.1% during the first quarter, HoldingsChannel reports. The firm owned 51,263 shares of the company’s stock after buying an additional 1,073 shares during the period. iShares Short Treasury Bond ETF comprises about 2.9% of Morris Financial Concepts Inc.’s portfolio, making the stock its 9th biggest holding. Morris Financial Concepts Inc.’s holdings in iShares Short Treasury Bond ETF were worth $5,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SHV. ADAR1 Capital Management LLC purchased a new position in shares of iShares Short Treasury Bond ETF during the fourth quarter worth approximately $2,698,000. Sumitomo Mitsui Financial Group Inc. boosted its holdings in iShares Short Treasury Bond ETF by 155.3% in the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 41,394 shares of the company’s stock valued at $4,559,000 after acquiring an additional 25,177 shares in the last quarter. AMG National Trust Bank boosted its holdings in iShares Short Treasury Bond ETF by 8.9% in the fourth quarter. AMG National Trust Bank now owns 44,895 shares of the company’s stock valued at $4,944,000 after acquiring an additional 3,660 shares in the last quarter. Institute for Wealth Management LLC. boosted its holdings in iShares Short Treasury Bond ETF by 7.9% in the fourth quarter. Institute for Wealth Management LLC. now owns 36,034 shares of the company’s stock valued at $3,968,000 after acquiring an additional 2,636 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in iShares Short Treasury Bond ETF by 11.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,812,911 shares of the company’s stock valued at $419,916,000 after acquiring an additional 404,970 shares in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

iShares Short Treasury Bond ETF Stock Performance

NASDAQ:SHV traded down $0.45 during trading hours on Monday, hitting $110.05. The company had a trading volume of 3,900,756 shares, compared to its average volume of 2,402,105. The stock 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 Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.4723 per share. This represents a $5.67 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date was Monday, June 3rd.

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.