GM Advisory Group LLC Has $46.21 Million Stake in iShares Short Treasury Bond ETF (NASDAQ:SHV)

GM Advisory Group LLC reduced its position in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 32.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,167 shares of the company’s stock after selling 202,282 shares during the period. iShares Short Treasury Bond ETF accounts for about 3.0% of GM Advisory Group LLC’s investment portfolio, making the stock its 8th biggest position. GM Advisory Group LLC owned about 0.24% of iShares Short Treasury Bond ETF worth $46,207,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of iShares Short Treasury Bond ETF by 4.7% during the 2nd quarter. LPL Financial LLC now owns 1,785,274 shares of the company’s stock valued at $197,273,000 after buying an additional 80,700 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Short Treasury Bond ETF by 0.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,668,675 shares of the company’s stock worth $183,771,000 after purchasing an additional 9,248 shares during the period. Bank of Nova Scotia boosted its holdings in shares of iShares Short Treasury Bond ETF by 29.5% in the 4th quarter. Bank of Nova Scotia now owns 1,310,234 shares of the company’s stock worth $144,161,000 after purchasing an additional 298,508 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares Short Treasury Bond ETF by 18.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,131,236 shares of the company’s stock valued at $125,002,000 after purchasing an additional 178,574 shares during the last quarter. Finally, Divergent Wealth Advisors raised its holdings in iShares Short Treasury Bond ETF by 5.8% during the 2nd quarter. Divergent Wealth Advisors now owns 1,096,153 shares of the company’s stock valued at $121,125,000 after buying an additional 60,475 shares during the period. Hedge funds and other institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Stock Performance

Shares of SHV opened at $110.48 on Friday. The business has a fifty day moving average of $110.36 and a 200 day moving average of $110.31. iShares Short Treasury Bond ETF has a 52-week low of $109.85 and a 52-week high of $110.61.

iShares Short Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.4755 dividend. The ex-dividend date was Tuesday, September 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.