New York Life Investment Management LLC Makes New $5.99 Million Investment in iShares Short Treasury Bond ETF $SHV

New York Life Investment Management LLC bought a new position in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) in the third quarter, Holdings Channel reports. The institutional investor bought 54,251 shares of the company’s stock, valued at approximately $5,994,000.

Several other hedge funds have also recently modified their holdings of SHV. Elevation Point Wealth Partners LLC purchased a new stake in iShares Short Treasury Bond ETF during the 2nd quarter worth approximately $55,000. Atlantic Union Bankshares Corp purchased a new position in shares of iShares Short Treasury Bond ETF in the second quarter valued at approximately $56,000. Highline Wealth Partners LLC boosted its stake in shares of iShares Short Treasury Bond ETF by 355.8% in the third quarter. Highline Wealth Partners LLC now owns 515 shares of the company’s stock worth $57,000 after acquiring an additional 402 shares during the last quarter. Asset Dedication LLC increased its position in shares of iShares Short Treasury Bond ETF by 596.0% during the second quarter. Asset Dedication LLC now owns 696 shares of the company’s stock worth $77,000 after purchasing an additional 596 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new stake in shares of iShares Short Treasury Bond ETF during the second quarter worth approximately $119,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

iShares Short Treasury Bond ETF Price Performance

iShares Short Treasury Bond ETF stock opened at $110.20 on Wednesday. The company has a fifty day simple moving average of $110.23 and a 200-day simple moving average of $110.28. iShares Short Treasury Bond ETF has a 52-week low of $110.02 and a 52-week high of $110.50.

iShares Short Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.342 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.7%.

iShares Short Treasury Bond ETF 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.