Hughes Financial Services LLC Has $14.53 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Hughes Financial Services LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 11.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 175,478 shares of the company’s stock after acquiring an additional 18,156 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for about 2.3% of Hughes Financial Services LLC’s portfolio, making the stock its 10th largest position. Hughes Financial Services LLC owned approximately 0.06% of iShares 1-3 Year Treasury Bond ETF worth $14,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MCF Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $25,000. Holos Integrated Wealth LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $29,000. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $29,000. Valley National Advisers Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $33,000. Finally, Accredited Wealth Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 50.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock valued at $37,000 after buying an additional 150 shares during the period. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.94 on Thursday. The business has a 50-day simple moving average of $82.28 and a 200 day simple moving average of $82.62. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.86 and a one year high of $83.20. The firm has a market capitalization of $25.09 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed 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 a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) annualized dividend 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.