Frontier Asset Management LLC Reduces Stake in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Frontier Asset Management LLC trimmed its stake in iShares Short Treasury Bond ETF (NASDAQ:SHV) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,679 shares of the company’s stock after selling 2,319 shares during the quarter. iShares Short Treasury Bond ETF makes up 1.2% of Frontier Asset Management LLC’s holdings, making the stock its 24th biggest position. Frontier Asset Management LLC’s holdings in iShares Short Treasury Bond ETF were worth $3,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHV. HM Payson & Co. purchased a new stake in shares of iShares Short Treasury Bond ETF during the 4th quarter valued at approximately $168,000. Banco Santander S.A. lifted its stake in shares of iShares Short Treasury Bond ETF by 11.9% during the 4th quarter. Banco Santander S.A. now owns 254,324 shares of the company’s stock valued at $28,004,000 after buying an additional 27,111 shares in the last quarter. AMG National Trust Bank lifted its stake in shares of iShares Short Treasury Bond ETF by 6.6% during the 4th quarter. AMG National Trust Bank now owns 47,157 shares of the company’s stock valued at $5,192,000 after buying an additional 2,910 shares in the last quarter. Foundry Financial Group Inc. lifted its stake in shares of iShares Short Treasury Bond ETF by 29.7% during the 4th quarter. Foundry Financial Group Inc. now owns 17,192 shares of the company’s stock valued at $1,893,000 after buying an additional 3,933 shares in the last quarter. Finally, Destination Wealth Management lifted its stake in shares of iShares Short Treasury Bond ETF by 3.1% during the 4th quarter. Destination Wealth Management now owns 10,996 shares of the company’s stock valued at $1,211,000 after buying an additional 329 shares in the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

iShares Short Treasury Bond ETF Stock Performance

Shares of SHV stock opened at $110.20 on Friday. The firm’s 50 day moving average is $110.27 and its 200 day moving average is $110.31. iShares Short Treasury Bond ETF has a 12 month low of $109.91 and a 12 month high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.3579 per share. The ex-dividend date of this dividend was Monday, March 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.