Commerce Bank Acquires New Shares in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Commerce Bank acquired a new stake in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,052 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors also recently modified their holdings of the business. Rothschild Investment LLC purchased a new position in iShares Short Treasury Bond ETF in the second quarter worth about $40,000. Benjamin F. Edwards & Company Inc. purchased a new position in iShares Short Treasury Bond ETF in the second quarter worth about $43,000. Massmutual Trust Co. FSB ADV purchased a new position in iShares Short Treasury Bond ETF in the second quarter worth about $48,000. MidAtlantic Capital Management Inc. purchased a new position in iShares Short Treasury Bond ETF in the third quarter worth about $48,000. Finally, Financial Gravity Asset Management Inc. boosted its position in iShares Short Treasury Bond ETF by 1,323.5% in the second quarter. Financial Gravity Asset Management Inc. now owns 484 shares of the company’s stock worth $53,000 after purchasing an additional 450 shares during the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

iShares Short Treasury Bond ETF Price Performance

Shares of NASDAQ:SHV opened at $110.46 on Thursday. The stock’s 50-day simple moving average is $110.37 and its two-hundred day simple moving average is $110.34. iShares Short Treasury Bond ETF has a 52-week low of $109.85 and a 52-week high of $110.64.

iShares Short Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.4668 dividend. This represents a $5.60 annualized dividend and a yield of 5.07%. This is a boost from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47. The ex-dividend date was Friday, November 1st.

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.