Financial Management Network Inc. Has $6.47 Million Stake in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Financial Management Network Inc. trimmed its position in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 11.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 58,740 shares of the company’s stock after selling 7,857 shares during the period. iShares Short Treasury Bond ETF accounts for approximately 1.3% of Financial Management Network Inc.’s 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.

Other large investors have also recently bought and sold shares of the company. Trilogy Capital Inc. boosted its stake in shares of iShares Short Treasury Bond ETF by 1.5% in the 3rd quarter. Trilogy Capital Inc. now owns 6,326 shares of the company’s stock valued at $700,000 after purchasing an additional 92 shares in the last quarter. Fortis Advisors LLC boosted its stake in shares of iShares Short Treasury Bond ETF by 1.3% in the 3rd quarter. Fortis Advisors LLC now owns 7,736 shares of the company’s stock valued at $856,000 after purchasing an additional 99 shares in the last quarter. Destination Wealth Management boosted its stake in shares of iShares Short Treasury Bond ETF by 0.9% in the 3rd quarter. Destination Wealth Management now owns 10,667 shares of the company’s stock valued at $1,180,000 after purchasing an additional 100 shares in the last quarter. KWB Wealth boosted its stake in shares of iShares Short Treasury Bond ETF by 1.3% in the 4th quarter. KWB Wealth now owns 8,531 shares of the company’s stock valued at $944,000 after purchasing an additional 110 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its stake in shares of iShares Short Treasury Bond ETF by 2.2% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 5,039 shares of the company’s stock valued at $555,000 after purchasing an additional 110 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Stock Performance

SHV opened at $110.28 on Wednesday. The company’s 50 day moving average is $110.22 and its 200-day moving average is $110.31. iShares Short Treasury Bond ETF has a 1-year low of $109.91 and a 1-year high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.4033 dividend. 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.