Meeder Asset Management Inc. Makes New Investment in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Meeder Asset Management Inc. acquired a new position in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 120,655 shares of the company’s stock, valued at approximately $13,337,000. iShares Short Treasury Bond ETF comprises about 0.8% of Meeder Asset Management Inc.’s portfolio, making the stock its 28th biggest holding.

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

iShares Short Treasury Bond ETF Price Performance

Shares of NASDAQ:SHV traded up $0.02 during midday trading on Monday, reaching $110.29. The company had a trading volume of 2,523,071 shares, compared to its average volume of 2,398,265. The company’s 50 day moving average price is $110.27 and its 200 day moving average price is $110.29. 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 business also recently declared a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a $0.4662 dividend. This represents a $5.59 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Monday, July 1st.

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.