Financial Network Wealth Advisors LLC Purchases New Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Financial Network Wealth Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,232 shares of the company’s stock, valued at approximately $347,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fulcrum Equity Management acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $472,000. Hsbc Holdings PLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 614,149 shares of the company’s stock worth $49,730,000 after purchasing an additional 7,431 shares during the last quarter. Spreng Capital Management Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 5.3% in the 4th quarter. Spreng Capital Management Inc. now owns 29,109 shares of the company’s stock valued at $2,388,000 after buying an additional 1,461 shares during the period. Element Wealth LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 25.7% in the 4th quarter. Element Wealth LLC now owns 21,945 shares of the company’s stock valued at $1,800,000 after buying an additional 4,488 shares during the period. Finally, Sarasin & Partners LLP acquired a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $1,151,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2 %

SHY stock traded up $0.13 during mid-day trading on Thursday, hitting $81.60. 2,471,453 shares of the company were exchanged, compared to its average volume of 4,162,329. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.55 and a 12-month high of $82.39. The firm has a market capitalization of $24.51 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The business has a fifty day simple moving average of $81.30 and a 200-day simple moving average of $81.63.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were given a dividend of $0.2621 per share. The ex-dividend date was Monday, June 3rd. This represents a $3.15 dividend on an annualized basis and a dividend yield of 3.85%.

iShares 1-3 Year Treasury Bond ETF Profile

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.