Financial Management Network Inc. Sells 21,502 Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV)

Financial Management Network Inc. lowered its stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 24.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 66,597 shares of the company’s stock after selling 21,502 shares during the quarter. iShares Short Treasury Bond ETF accounts for 1.5% of Financial Management Network Inc.’s portfolio, making the stock its 16th biggest position. Financial Management Network Inc.’s holdings in iShares Short Treasury Bond ETF were worth $7,342,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversify Advisory Services LLC bought a new stake in iShares Short Treasury Bond ETF in the first quarter valued at approximately $2,047,000. Karpus Management Inc. raised its holdings in shares of iShares Short Treasury Bond ETF by 70.2% during the first quarter. Karpus Management Inc. now owns 23,000 shares of the company’s stock valued at $2,542,000 after acquiring an additional 9,490 shares in the last quarter. Quattro Financial Advisors LLC raised its holdings in shares of iShares Short Treasury Bond ETF by 57,517.3% during the first quarter. Quattro Financial Advisors LLC now owns 63,379 shares of the company’s stock valued at $7,006,000 after acquiring an additional 63,269 shares in the last quarter. Daymark Wealth Partners LLC raised its holdings in shares of iShares Short Treasury Bond ETF by 7.6% during the third quarter. Daymark Wealth Partners LLC now owns 2,467 shares of the company’s stock valued at $273,000 after acquiring an additional 174 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in shares of iShares Short Treasury Bond ETF during the third quarter valued at approximately $519,000. Institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Price Performance

Shares of iShares Short Treasury Bond ETF stock traded up $0.06 during midday trading on Friday, reaching $110.51. 1,292,354 shares of the company’s stock traded hands, compared to its average volume of 2,844,794. The stock has a 50 day moving average of $110.39 and a 200-day moving average of $110.32. iShares Short Treasury Bond ETF has a 12 month low of $109.85 and a 12 month high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

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

About iShares Short Treasury Bond ETF

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.