CVS HEALTH Corp Takes Position in iShares 1-3 Year Treasury Bond ETF $SHY

CVS HEALTH Corp bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 233,100 shares of the company’s stock, valued at approximately $19,247,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 9.1% of CVS HEALTH Corp’s holdings, making the stock its 3rd biggest holding. CVS HEALTH Corp owned about 0.08% of iShares 1-3 Year Treasury Bond ETF as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SHY. Cassaday & Co Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth about $72,000. ESL Trust Services LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 11.5% in the 1st quarter. ESL Trust Services LLC now owns 3,060 shares of the company’s stock valued at $253,000 after acquiring an additional 316 shares during the period. Parallel Advisors LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 3.9% in the 1st quarter. Parallel Advisors LLC now owns 48,401 shares of the company’s stock valued at $3,997,000 after acquiring an additional 1,797 shares during the period. AlphaCentric Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 171.9% during the first quarter. AlphaCentric Advisors LLC now owns 9,461 shares of the company’s stock worth $781,000 after acquiring an additional 5,981 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 18.3% during the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 13,340 shares of the company’s stock worth $1,101,000 after acquiring an additional 2,065 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

Shares of NASDAQ:SHY opened at $81.96 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.79 and a 12-month high of $83.20. The stock has a market cap of $25.60 billion, a PE ratio of 3,747.73 and a beta of 0.05. The business has a 50 day moving average of $82.03 and a 200-day moving average of $82.45.

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 issued a dividend of $0.2383 per share. This represents a c) annualized dividend and a 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.