Principal Financial Group Inc. Reduces Holdings in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Principal Financial Group Inc. lowered its stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 51.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,390 shares of the company’s stock after selling 10,050 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares Short Treasury Bond ETF were worth $1,039,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of iShares Short Treasury Bond ETF by 337.6% in the third quarter. FMR LLC now owns 2,069,990 shares of the company’s stock worth $229,003,000 after acquiring an additional 1,596,924 shares during the last quarter. LPL Financial LLC lifted its holdings in iShares Short Treasury Bond ETF by 4.7% in the 2nd quarter. LPL Financial LLC now owns 1,785,274 shares of the company’s stock valued at $197,273,000 after purchasing an additional 80,700 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Short Treasury Bond ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,583,675 shares of the company’s stock worth $174,996,000 after purchasing an additional 99,530 shares during the last quarter. Divergent Wealth Advisors grew its holdings in shares of iShares Short Treasury Bond ETF by 5.5% during the third quarter. Divergent Wealth Advisors now owns 1,156,791 shares of the company’s stock worth $127,976,000 after buying an additional 60,638 shares in the last quarter. Finally, Anchor Capital Advisors LLC raised its position in shares of iShares Short Treasury Bond ETF by 116.1% in the second quarter. Anchor Capital Advisors LLC now owns 971,521 shares of the company’s stock valued at $107,353,000 after buying an additional 521,879 shares during the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Price Performance

Shares of SHV opened at $110.16 on Friday. iShares Short Treasury Bond ETF has a 1 year low of $109.91 and a 1 year high of $110.64. The company’s 50 day simple moving average is $110.24 and its 200 day simple moving average is $110.32.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.4268 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.