Palumbo Wealth Management LLC Acquires 3,973 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Palumbo Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 118.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,329 shares of the company’s stock after acquiring an additional 3,973 shares during the period. Palumbo Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $609,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. WestEnd Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $30,000. Financial Connections Group Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $31,000. Rational Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth about $67,000. Global Trust Asset Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $68,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $76,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock traded down $0.03 on Thursday, hitting $82.31. The stock had a trading volume of 336,573 shares, compared to its average volume of 4,016,593. The stock has a 50 day moving average of $82.79 and a 200 day moving average of $82.07. The firm has a market capitalization of $22.45 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.80 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.2883 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.