Darden Wealth Group Inc Cuts Holdings in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Darden Wealth Group Inc reduced its stake in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,475 shares of the company’s stock after selling 139 shares during the quarter. iShares Short Treasury Bond ETF comprises 0.9% of Darden Wealth Group Inc’s portfolio, making the stock its 26th biggest holding. Darden Wealth Group Inc’s holdings in iShares Short Treasury Bond ETF were worth $1,264,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in iShares Short Treasury Bond ETF by 23.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,031,532 shares of the company’s stock valued at $999,158,000 after acquiring an additional 1,732,399 shares during the period. Proficio Capital Partners LLC boosted its position in shares of iShares Short Treasury Bond ETF by 16,685.1% in the 4th quarter. Proficio Capital Partners LLC now owns 5,884,700 shares of the company’s stock worth $647,964,000 after purchasing an additional 5,849,641 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of iShares Short Treasury Bond ETF by 3.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,850,840 shares of the company’s stock worth $424,016,000 after buying an additional 137,455 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares Short Treasury Bond ETF by 6.8% in the 4th quarter. LPL Financial LLC now owns 1,907,963 shares of the company’s stock worth $210,086,000 after buying an additional 120,706 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in iShares Short Treasury Bond ETF during the 4th quarter valued at approximately $123,698,000. 7.10% of the stock is currently owned by institutional investors.

iShares Short Treasury Bond ETF Price Performance

Shares of SHV stock opened at $110.17 on Friday. iShares Short Treasury Bond ETF has a one year low of $109.91 and a one year high of $110.64. The company’s 50-day moving average is $110.28 and its 200 day moving average is $110.29.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a $0.3836 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Tuesday, April 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.