Alliance Wealth Advisors LLC UT Purchases Shares of 43,347 iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Alliance Wealth Advisors LLC UT purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 43,347 shares of the company’s stock, valued at approximately $3,554,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 0.9% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 29th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Logan Capital Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $37,000. AlphaMark Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $63,000. Global Trust Asset Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $68,000. Creative Financial Designs Inc. ADV boosted its position in iShares 1-3 Year Treasury Bond ETF by 23.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after buying an additional 167 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $76,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.4 %

Shares of NASDAQ SHY opened at $81.96 on Tuesday. The company has a 50 day simple moving average of $82.04 and a two-hundred day simple moving average of $82.36. The stock has a market cap of $23.12 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be given a dividend of $0.2735 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

About iShares 1-3 Year Treasury Bond ETF

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.