Maxele Advisors LLC Makes New $1.56 Million Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Maxele Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,812 shares of the company’s stock, valued at approximately $1,561,000. iShares 1-3 Year Treasury Bond ETF makes up approximately 1.3% of Maxele Advisors LLC’s portfolio, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Millennium Management LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 205.6% during the 3rd quarter. Millennium Management LLC now owns 51,008 shares of the company’s stock valued at $4,232,000 after purchasing an additional 34,319 shares in the last quarter. Hughes Financial Services LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.6% during the third quarter. Hughes Financial Services LLC now owns 157,322 shares of the company’s stock worth $13,028,000 after buying an additional 5,522 shares during the period. Elevation Point Wealth Partners LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 491.6% during the third quarter. Elevation Point Wealth Partners LLC now owns 15,488 shares of the company’s stock worth $1,285,000 after buying an additional 12,870 shares during the period. Community Bank N.A. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.2% during the third quarter. Community Bank N.A. now owns 29,246 shares of the company’s stock valued at $2,426,000 after buying an additional 897 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 96.7% during the third quarter. Ausdal Financial Partners Inc. now owns 64,372 shares of the company’s stock valued at $5,340,000 after buying an additional 31,643 shares during the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY opened at $82.65 on Tuesday. The company has a market cap of $24.16 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock’s fifty day moving average price is $82.86 and its 200 day moving average price is $82.88. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $82.21 and a 1 year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.223 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

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.