Sovereign Financial Group Inc. Invests $271,000 in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Sovereign Financial Group Inc. acquired a new stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,448 shares of the company’s stock, valued at approximately $271,000.

Other institutional investors also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC boosted its position in shares of iShares Short Treasury Bond ETF by 24.8% during the 1st quarter. Elevated Capital Advisors LLC now owns 14,996 shares of the company’s stock worth $1,658,000 after purchasing an additional 2,976 shares in the last quarter. Kwmg LLC lifted its stake in shares of iShares Short Treasury Bond ETF by 3.3% in the first quarter. Kwmg LLC now owns 92,969 shares of the company’s stock valued at $10,277,000 after purchasing an additional 3,002 shares during the period. Evanson Asset Management LLC purchased a new stake in iShares Short Treasury Bond ETF during the first quarter worth about $525,000. Pacifica Partners Inc. grew its position in iShares Short Treasury Bond ETF by 26.6% during the first quarter. Pacifica Partners Inc. now owns 18,393 shares of the company’s stock worth $2,030,000 after buying an additional 3,869 shares during the period. Finally, Global Assets Advisory LLC purchased a new position in iShares Short Treasury Bond ETF in the first quarter valued at about $9,429,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Stock Performance

SHV stock opened at $110.42 on Thursday. The firm has a 50 day moving average of $110.29 and a 200-day moving average of $110.27. iShares Short Treasury Bond ETF has a 12-month low of $109.85 and a 12-month high of $110.60.

iShares Short Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were issued a dividend of $0.4723 per share. The ex-dividend date was Monday, June 3rd. This represents a $5.67 annualized dividend and a yield of 5.13%.

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.