Udine Wealth Management Inc. Cuts Holdings in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Udine Wealth Management Inc. lessened its holdings in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 2.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 107,750 shares of the company’s stock after selling 3,000 shares during the period. iShares Short Treasury Bond ETF makes up approximately 8.6% of Udine Wealth Management Inc.’s holdings, making the stock its 5th biggest holding. Udine Wealth Management Inc.’s holdings in iShares Short Treasury Bond ETF were worth $11,911,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SHV. ADAR1 Capital Management LLC purchased a new stake in shares of iShares Short Treasury Bond ETF in the 4th quarter worth $2,698,000. Sumitomo Mitsui Financial Group Inc. lifted its stake in shares of iShares Short Treasury Bond ETF by 155.3% during the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 41,394 shares of the company’s stock worth $4,559,000 after purchasing an additional 25,177 shares during the last quarter. AMG National Trust Bank lifted its stake in shares of iShares Short Treasury Bond ETF by 8.9% during the 4th quarter. AMG National Trust Bank now owns 44,895 shares of the company’s stock worth $4,944,000 after purchasing an additional 3,660 shares during the last quarter. Institute for Wealth Management LLC. raised its stake 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 buying an additional 2,636 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake 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 buying an additional 404,970 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Trading Down 0.4 %

iShares Short Treasury Bond ETF stock traded down $0.45 during midday trading on Monday, reaching $110.05. The company’s stock had a trading volume of 2,958,375 shares, compared to its average volume of 2,393,840. The stock’s 50-day simple moving average is $110.30 and its 200-day simple moving average is $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 was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a $0.4723 dividend. This represents a $5.67 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend 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.