Ameliora Wealth Management Ltd. Has $6.05 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ameliora Wealth Management Ltd. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 74,148 shares of the company’s stock after buying an additional 10,836 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up approximately 2.7% of Ameliora Wealth Management Ltd.’s holdings, making the stock its 11th largest holding. Ameliora Wealth Management Ltd.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,054,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SHY. International Assets Investment Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $1,451,000. Koshinski Asset Management Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.6% during the 4th quarter. Koshinski Asset Management Inc. now owns 12,006 shares of the company’s stock worth $985,000 after purchasing an additional 418 shares in the last quarter. Consolidated Portfolio Review Corp boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 7.3% in the fourth quarter. Consolidated Portfolio Review Corp now owns 12,354 shares of the company’s stock worth $1,014,000 after acquiring an additional 836 shares in the last quarter. Vontobel Holding Ltd. grew its position in iShares 1-3 Year Treasury Bond ETF by 9.3% in the 4th quarter. Vontobel Holding Ltd. now owns 29,816 shares of the company’s stock valued at $2,446,000 after purchasing an additional 2,545 shares during the period. Finally, S. R. Schill & Associates grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11.4% during the fourth quarter. S. R. Schill & Associates now owns 6,468 shares of the company’s stock valued at $531,000 after buying an additional 663 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY traded up $0.13 during midday trading on Tuesday, reaching $82.66. 3,850,059 shares of the company were exchanged, compared to its average volume of 4,065,257. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The company’s fifty day moving average price is $81.86 and its 200 day moving average price is $81.64. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.62 and a one year high of $82.91.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were issued a $0.2725 dividend. The ex-dividend date was Thursday, August 1st. This represents a $3.27 annualized dividend and a dividend yield of 3.96%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.