Cornerstone Wealth Group LLC Has $314,000 Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Cornerstone Wealth Group LLC raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,834 shares of the company’s stock after acquiring an additional 271 shares during the period. Cornerstone Wealth Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $314,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SHY. Logan Capital Management Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $37,000. AlphaMark Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $63,000. Global Trust Asset Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $68,000. Creative Financial Designs Inc. ADV increased its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd 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 period. Finally, Eagle Bay Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $76,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.26 on Tuesday. The firm has a market cap of $23.06 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm’s 50-day simple moving average is $82.02 and its 200-day simple moving average is $82.35. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Wednesday, December 18th.

iShares 1-3 Year Treasury Bond ETF 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.