Westwood Wealth Management Grows Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Westwood Wealth Management boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 90.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,750 shares of the company’s stock after buying an additional 12,250 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up approximately 0.8% of Westwood Wealth Management’s portfolio, making the stock its 18th largest holding. Westwood Wealth Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth $25,000. Pflug Koory LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 637.8% during the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 287 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $29,000. Howe & Rusling Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 36,100.0% in the 2nd quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock valued at $30,000 after purchasing an additional 361 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 45.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after purchasing an additional 125 shares in the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

Shares of SHY stock opened at $82.83 on Monday. The stock has a 50 day simple moving average of $82.85 and a 200-day simple moving average of $82.81. The company has a market cap of $23.52 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.81 and a 12-month high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a $0.2548 dividend. The ex-dividend date was Friday, December 19th. This represents a c) annualized dividend and a yield of 3.7%.

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.