Financial Management Network Inc. Sells 7,857 Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV)

Financial Management Network Inc. cut its stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,740 shares of the company’s stock after selling 7,857 shares during the quarter. iShares Short Treasury Bond ETF makes up approximately 1.3% of Financial Management Network Inc.’s investment portfolio, making the stock its 19th largest holding. Financial Management Network Inc.’s holdings in iShares Short Treasury Bond ETF were worth $6,471,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares Short Treasury Bond ETF in the third quarter valued at about $48,000. Glass Jacobson Investment Advisors llc grew its stake in shares of iShares Short Treasury Bond ETF by 55.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock valued at $50,000 after acquiring an additional 162 shares in the last quarter. Synergy Asset Management LLC acquired a new position in shares of iShares Short Treasury Bond ETF in the fourth quarter valued at about $51,000. Bristlecone Advisors LLC acquired a new position in shares of iShares Short Treasury Bond ETF in the third quarter valued at about $83,000. Finally, Kestra Investment Management LLC acquired a new position in shares of iShares Short Treasury Bond ETF in the fourth quarter valued at about $97,000. 7.10% of the stock is owned by institutional investors.

iShares Short Treasury Bond ETF Stock Performance

SHV stock opened at $110.28 on Wednesday. The company’s 50-day simple moving average is $110.22 and its 200 day simple moving average is $110.31. iShares Short Treasury Bond ETF has a 52 week low of $109.91 and a 52 week high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

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