StrongBox Wealth LLC Increases Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

StrongBox Wealth LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,141 shares of the company’s stock after acquiring an additional 11,159 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 4.5% of StrongBox Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. StrongBox Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Logan Capital Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $37,000. Global Trust Asset Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth $68,000. Creative Financial Designs Inc. ADV lifted its position in shares of 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 worth $73,000 after purchasing an additional 167 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $76,000. Finally, Bristlecone Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $78,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.05 on Thursday. The company’s 50-day moving average price is $82.01 and its two-hundred day moving average price is $82.32. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The stock has a market capitalization of $22.79 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 annualized dividend and a yield of 4.10%.

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.