Gateway Advisory LLC Sells 150,043 Shares of iShares Short Treasury Bond ETF (NASDAQ:SHV)

Gateway Advisory LLC reduced its stake in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,548,737 shares of the company’s stock after selling 150,043 shares during the quarter. iShares Short Treasury Bond ETF accounts for 36.2% of Gateway Advisory LLC’s holdings, making the stock its biggest holding. Gateway Advisory LLC’s holdings in iShares Short Treasury Bond ETF were worth $171,058,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SHV. FWL Investment Management LLC acquired a new stake in iShares Short Treasury Bond ETF in the fourth quarter valued at about $27,000. Glass Jacobson Investment Advisors llc acquired a new stake in iShares Short Treasury Bond ETF in the second quarter valued at about $32,000. Sanctuary Wealth Management L.L.C. acquired a new stake in iShares Short Treasury Bond ETF in the fourth quarter valued at about $40,000. Matrix Private Capital Group LLC acquired a new stake in iShares Short Treasury Bond ETF in the first quarter valued at about $50,000. Finally, Bristlecone Advisors LLC acquired a new stake in iShares Short Treasury Bond ETF in the first quarter valued at about $51,000. 7.11% of the stock is owned by institutional investors and hedge funds.

iShares Short Treasury Bond ETF Stock Performance

NASDAQ:SHV traded up $0.01 during trading hours on Friday, hitting $110.38. The company’s stock had a trading volume of 2,998,731 shares, compared to its average volume of 3,225,349. The stock has a fifty day simple moving average of $110.28 and a 200-day simple moving average of $110.25. iShares Short Treasury Bond ETF has a twelve month low of $109.73 and a twelve month high of $110.51.

iShares Short Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Investors of record on Thursday, November 2nd were paid a $0.468 dividend. The ex-dividend date was Wednesday, November 1st. This is a positive change from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.46. This represents a $5.62 annualized dividend and a yield of 5.09%.

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.