Alliance Wealth Management Group Raises Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Alliance Wealth Management Group grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,367 shares of the company’s stock after buying an additional 341 shares during the period. Alliance Wealth Management Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $440,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Lokken Investment Group LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 34.8% in the fourth quarter. Lokken Investment Group LLC now owns 6,808 shares of the company’s stock valued at $558,000 after acquiring an additional 1,757 shares in the last quarter. StoneX Group Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 14.8% in the 4th quarter. StoneX Group Inc. now owns 29,981 shares of the company’s stock valued at $2,458,000 after buying an additional 3,862 shares during the period. National Bank of Canada FI boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 18.5% in the fourth quarter. National Bank of Canada FI now owns 79,320 shares of the company’s stock valued at $6,503,000 after buying an additional 12,376 shares in the last quarter. Franklin Resources Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 7.1% during the fourth quarter. Franklin Resources Inc. now owns 44,079 shares of the company’s stock worth $3,614,000 after acquiring an additional 2,919 shares during the period. Finally, Riggs Capital Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $4,373,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.73 on Tuesday. The company’s fifty day moving average is $82.29 and its two-hundred day moving average is $82.29. The firm has a market capitalization of $23.31 billion, a P/E ratio of 3,745.00 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2531 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.