Archer Investment Corp Increases Position in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Archer Investment Corp increased its stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 6.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,182 shares of the company’s stock after acquiring an additional 409 shares during the period. Archer Investment Corp’s holdings in iShares Short Treasury Bond ETF were worth $795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new stake in iShares Short Treasury Bond ETF during the second quarter valued at about $40,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of iShares Short Treasury Bond ETF during the second quarter valued at about $43,000. Massmutual Trust Co. FSB ADV bought a new position in shares of iShares Short Treasury Bond ETF during the second quarter valued at about $48,000. Financial Gravity Asset Management Inc. raised its stake in shares of iShares Short Treasury Bond ETF by 1,323.5% during the second quarter. Financial Gravity Asset Management Inc. now owns 484 shares of the company’s stock valued at $53,000 after acquiring an additional 450 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in shares of iShares Short Treasury Bond ETF by 56.9% during the first quarter. Abich Financial Wealth Management LLC now owns 590 shares of the company’s stock valued at $65,000 after acquiring an additional 214 shares during 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 traded up $0.03 during midday trading on Friday, hitting $110.32. 1,005,638 shares of the stock traded hands, compared to its average volume of 2,939,243. The business’s 50 day moving average is $110.37 and its two-hundred day moving average is $110.33. iShares Short Treasury Bond ETF has a one year low of $109.85 and a one year high of $110.64.

iShares Short Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.4668 per share. This represents a $5.60 annualized dividend and a dividend yield of 5.08%. This is an increase from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47. The ex-dividend date of this dividend was Friday, November 1st.

About iShares Short Treasury Bond ETF

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.