Procyon Advisors LLC Acquires Shares of 56,045 iShares Short Treasury Bond ETF $SHV

Procyon Advisors LLC acquired a new stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) in the third quarter, Holdings Channel.com reports. The firm acquired 56,045 shares of the company’s stock, valued at approximately $6,192,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE raised its position in iShares Short Treasury Bond ETF by 22.3% during the second quarter. Bank of America Corp DE now owns 3,172,414 shares of the company’s stock worth $350,298,000 after acquiring an additional 579,074 shares during the period. Wealthfront Advisers LLC lifted its holdings in iShares Short Treasury Bond ETF by 16.2% during the second quarter. Wealthfront Advisers LLC now owns 1,782,762 shares of the company’s stock valued at $196,853,000 after purchasing an additional 248,584 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of iShares Short Treasury Bond ETF by 11.3% during the second quarter. Raymond James Financial Inc. now owns 1,576,192 shares of the company’s stock worth $174,043,000 after purchasing an additional 160,138 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of iShares Short Treasury Bond ETF by 1.8% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,544,694 shares of the company’s stock worth $170,000,000 after purchasing an additional 26,689 shares in the last quarter. Finally, NFP Retirement Inc. increased its stake in iShares Short Treasury Bond ETF by 45.3% during the 2nd quarter. NFP Retirement Inc. now owns 1,245,522 shares of the company’s stock worth $137,531,000 after buying an additional 388,096 shares in the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Stock Performance

NASDAQ SHV opened at $110.27 on Thursday. The stock’s 50 day simple moving average is $110.23 and its 200-day simple moving average is $110.27. iShares Short Treasury Bond ETF has a 1-year low of $110.02 and a 1-year high of $110.51.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a $0.3569 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, December 19th.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.