KDK Private Wealth Management LLC Purchases New Stake in iShares Short Treasury Bond ETF (NASDAQ:SHV)

KDK Private Wealth Management LLC acquired a new position in iShares Short Treasury Bond ETF (NASDAQ:SHV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,138 shares of the company’s stock, valued at approximately $2,988,000. iShares Short Treasury Bond ETF accounts for approximately 3.1% of KDK Private Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in SHV. Synergy Asset Management LLC bought a new stake in shares of iShares Short Treasury Bond ETF in the 4th quarter worth approximately $51,000. Kestra Investment Management LLC bought a new stake in iShares Short Treasury Bond ETF in the fourth quarter valued at $97,000. Harbour Investments Inc. boosted its holdings in shares of iShares Short Treasury Bond ETF by 44.0% during the fourth quarter. Harbour Investments Inc. now owns 1,106 shares of the company’s stock valued at $122,000 after acquiring an additional 338 shares during the period. Values First Advisors Inc. grew its position in shares of iShares Short Treasury Bond ETF by 294.2% during the fourth quarter. Values First Advisors Inc. now owns 1,490 shares of the company’s stock worth $164,000 after acquiring an additional 1,112 shares during the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of iShares Short Treasury Bond ETF in the 4th quarter worth about $168,000. Institutional investors own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHV opened at $110.20 on Friday. The company’s 50-day moving average price is $110.26 and its 200 day moving average price is $110.28. iShares Short Treasury Bond ETF has a fifty-two week low of $109.91 and a fifty-two week high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were issued a $0.3836 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Tuesday, April 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.