Archer Investment Corp Boosts Stock Holdings in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Archer Investment Corp boosted its stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 10.8% during the 4th quarter, Holdings Channel reports. The firm owned 7,955 shares of the company’s stock after buying an additional 773 shares during the quarter. Archer Investment Corp’s holdings in iShares Short Treasury Bond ETF were worth $876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SHV. MidAtlantic Capital Management Inc. bought a new position in iShares Short Treasury Bond ETF during the third quarter valued at $48,000. Glass Jacobson Investment Advisors llc raised its position in shares of iShares Short Treasury Bond ETF by 55.5% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock valued at $50,000 after buying an additional 162 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of iShares Short Treasury Bond ETF in the 4th quarter valued at about $51,000. Bristlecone Advisors LLC purchased a new position in iShares Short Treasury Bond ETF in the third quarter worth about $83,000. Finally, Beaird Harris Wealth Management LLC increased its stake in iShares Short Treasury Bond ETF by 580.5% during the third quarter. Beaird Harris Wealth Management LLC now owns 1,674 shares of the company’s stock worth $185,000 after acquiring an additional 1,428 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Stock Performance

Shares of SHV stock opened at $110.16 on Friday. iShares Short Treasury Bond ETF has a 1 year low of $109.91 and a 1 year high of $110.64. The stock’s 50 day simple moving average is $110.23 and its two-hundred day simple moving average is $110.32.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.4033 per share. The ex-dividend date was Monday, February 3rd.

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.