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

Merit Financial Group LLC purchased a new stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,866 shares of the company’s stock, valued at approximately $1,858,000.

Several other institutional investors have also made changes to their positions in SHV. Beaird Harris Wealth Management LLC bought a new stake in iShares Short Treasury Bond ETF during the third quarter worth about $27,000. WealthShield Partners LLC boosted its position in shares of iShares Short Treasury Bond ETF by 78.8% during the 3rd quarter. WealthShield Partners LLC now owns 295 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Baystate Wealth Management LLC increased its stake in iShares Short Treasury Bond ETF by 173.7% in the fourth quarter. Baystate Wealth Management LLC now owns 312 shares of the company’s stock valued at $34,000 after acquiring an additional 198 shares during the last quarter. Gradient Investments LLC acquired a new position in iShares Short Treasury Bond ETF during the third quarter valued at approximately $40,000. Finally, NBC Securities Inc. acquired a new position in iShares Short Treasury Bond ETF during the third quarter valued at approximately $45,000. 7.10% of the stock is currently owned by institutional investors.

iShares Short Treasury Bond ETF Price Performance

SHV stock opened at $110.11 on Friday. The firm 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 12 month low of $109.85 and a 12 month high of $110.60.

iShares Short Treasury Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be given a dividend of $0.4637 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $5.56 dividend on an annualized basis and a 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.