Entelevest LLC Invests $2.36 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Entelevest LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, HoldingsChannel reports. The firm bought 28,449 shares of the company’s stock, valued at approximately $2,356,000. iShares 1-3 Year Treasury Bond ETF accounts for 2.4% of Entelevest LLC’s investment portfolio, making the stock its 8th largest holding.

Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Holos Integrated Wealth LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $29,000. Valley National Advisers Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $33,000. Finally, Accredited Wealth Management LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 50.0% during the third quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares during the period. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.94 on Thursday. The firm has a 50-day moving average of $82.28 and a 200-day moving average of $82.62. The firm has a market cap of $25.09 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.86 and a 1-year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.2429 per share. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, June 1st.

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.