Cynosure Group LLC Has $62.04 Million Stake in iShares Short Treasury Bond ETF (NASDAQ:SHV)

Cynosure Group LLC lifted its holdings in shares of iShares Short Treasury Bond ETF (NASDAQ:SHV) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 560,749 shares of the company’s stock after purchasing an additional 17,145 shares during the quarter. iShares Short Treasury Bond ETF accounts for approximately 8.9% of Cynosure Group LLC’s portfolio, making the stock its largest position. Cynosure Group LLC owned about 0.34% of iShares Short Treasury Bond ETF worth $62,036,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SHV. Rothschild Investment LLC bought a new stake in iShares Short Treasury Bond ETF during the second quarter worth about $40,000. Benjamin F. Edwards & Company Inc. bought a new stake in iShares Short Treasury Bond ETF in the 2nd quarter worth approximately $43,000. Massmutual Trust Co. FSB ADV bought a new stake in iShares Short Treasury Bond ETF in the 2nd quarter worth approximately $48,000. MidAtlantic Capital Management Inc. purchased a new stake in iShares Short Treasury Bond ETF in the third quarter worth approximately $48,000. Finally, Financial Gravity Asset Management Inc. grew its position in iShares Short Treasury Bond ETF by 1,323.5% during the second quarter. Financial Gravity Asset Management Inc. now owns 484 shares of the company’s stock valued at $53,000 after acquiring an additional 450 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors.

iShares Short Treasury Bond ETF Stock Performance

NASDAQ SHV opened at $110.44 on Wednesday. The company has a 50-day simple moving average of $110.37 and a two-hundred day simple moving average of $110.34. iShares Short Treasury Bond ETF has a 12-month low of $109.85 and a 12-month high of $110.64.

iShares Short Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.4668 per share. The ex-dividend date was Friday, November 1st. This represents a $5.60 annualized dividend and a yield of 5.07%. This is a boost from iShares Short Treasury Bond ETF’s previous monthly dividend of $0.47.

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.