Dorsey Wright & Associates Purchases New Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Dorsey Wright & Associates purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the first quarter, Holdings Channel.com reports. The fund purchased 32,405 shares of the company’s stock, valued at approximately $2,676,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MCF Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during 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 in the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth $29,000. Finally, Valley National Advisers Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $33,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.99 on Friday. The company’s 50 day moving average price is $82.04 and its 200-day moving average price is $82.46. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.79 and a 52-week high of $83.20. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

iShares 1-3 Year Treasury Bond ETF Company 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.