Miracle Mile Advisors LLC Raises Stake in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Miracle Mile Advisors LLC increased its stake in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 52.4% during the first quarter, HoldingsChannel.com reports. The firm owned 29,930 shares of the company’s stock after buying an additional 10,293 shares during the period. Miracle Mile Advisors LLC’s holdings in iShares Short Treasury Bond ETF were worth $3,306,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Menard Financial Group LLC bought a new position in iShares Short Treasury Bond ETF in the 4th quarter worth about $25,000. Transce3nd LLC bought a new position in iShares Short Treasury Bond ETF in the 4th quarter worth about $26,000. BTG Pactual Asset Management US LLC bought a new position in iShares Short Treasury Bond ETF in the 4th quarter worth about $55,000. Strategic Investment Solutions Inc. IL increased its stake in iShares Short Treasury Bond ETF by 249.7% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 521 shares of the company’s stock worth $57,000 after acquiring an additional 372 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in iShares Short Treasury Bond ETF in the 4th quarter worth about $97,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Stock Performance

Shares of NASDAQ SHV opened at $110.13 on Monday. The stock’s 50-day simple moving average is $110.26 and its two-hundred day simple moving average is $110.26. iShares Short Treasury Bond ETF has a twelve month low of $109.91 and a twelve month high of $110.64.

iShares Short Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were paid a $0.397 dividend. This is a positive change from iShares Short Treasury Bond ETF’s previous dividend of $0.37. The ex-dividend date of this dividend was Monday, June 2nd.

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.