Silicon Valley Capital Partners Raises Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Silicon Valley Capital Partners raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 257,652.2% during the fourth quarter, HoldingsChannel reports. The fund owned 458,799 shares of the company’s stock after purchasing an additional 458,621 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises about 4.2% of Silicon Valley Capital Partners’ investment portfolio, making the stock its 8th biggest holding. Silicon Valley Capital Partners’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $37,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gunma Bank Ltd. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 70.8% during the 4th quarter. Gunma Bank Ltd. now owns 205,000 shares of the company’s stock valued at $16,806,000 after acquiring an additional 85,000 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $64,000. Fonville Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 10.6% during the 4th quarter. Fonville Wealth Management LLC now owns 3,809 shares of the company’s stock valued at $312,000 after acquiring an additional 364 shares during the period. Angeles Wealth Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 21.8% during the 4th quarter. Angeles Wealth Management LLC now owns 57,160 shares of the company’s stock valued at $4,686,000 after acquiring an additional 10,221 shares during the period. Finally, Robinson Value Management Ltd. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1.5% during the 4th quarter. Robinson Value Management Ltd. now owns 18,049 shares of the company’s stock valued at $1,480,000 after acquiring an additional 262 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.97 on Monday. The stock has a market cap of $23.10 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The firm’s fifty day moving average price is $82.02 and its 200-day moving average price is $82.36.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.2735 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost 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.