Valmark Advisers Inc. Purchases 17,719 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Valmark Advisers Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 414.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,992 shares of the company’s stock after acquiring an additional 17,719 shares during the period. Valmark Advisers Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,816,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SHY. MCF Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF by 345.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after buying an additional 249 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Holos Integrated Wealth LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $29,000. Finally, Valley National Advisers Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $33,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $81.88 on Monday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.81 and a fifty-two week high of $83.20. The company has a market cap of $25.73 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm has a 50 day simple moving average of $82.07 and a 200 day simple moving average of $82.48.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.2383 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Wednesday, July 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.