Meridian Wealth Management LLC Has $3.58 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Meridian Wealth Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 68.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,629 shares of the company’s stock after buying an additional 17,716 shares during the period. Meridian Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,577,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $30,000. Van ECK Associates Corp boosted its position in iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after buying an additional 187 shares during the period. Roxbury Financial LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $36,000. Logan Capital Management Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $37,000. Finally, Creative Capital Management Investments LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $45,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.42 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The firm has a market cap of $23.02 billion, a PE ratio of 3,755.45 and a beta of 0.03. The firm’s fifty day moving average is $82.08 and its 200-day moving average is $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be given a $0.2531 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

iShares 1-3 Year Treasury Bond ETF Company 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.