Wealth Effects LLC Invests $271,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Wealth Effects LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,310 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds have also bought and sold shares of the stock. Fortitude Advisory Group L.L.C. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 9.8% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 2,699 shares of the company’s stock valued at $221,000 after buying an additional 241 shares in the last quarter. TRU Independence Asset Management 2 LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.1% during the fourth quarter. TRU Independence Asset Management 2 LLC now owns 36,349 shares of the company’s stock worth $2,980,000 after acquiring an additional 1,097 shares in the last quarter. Bay Rivers Group lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 93.5% in the 4th quarter. Bay Rivers Group now owns 7,120 shares of the company’s stock worth $584,000 after acquiring an additional 3,441 shares during the last quarter. JDH Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $288,000. Finally, Buttonwood Financial Advisors Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 14.3% in the 4th quarter. Buttonwood Financial Advisors Inc. now owns 70,091 shares of the company’s stock worth $5,746,000 after purchasing an additional 8,754 shares during the period. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1 %

NASDAQ SHY opened at $82.26 on Tuesday. The company has a 50-day simple moving average of $82.02 and a two-hundred day simple moving average of $82.35. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30. The firm has a market cap of $23.06 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. This represents a $3.36 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Wednesday, December 18th.

About iShares 1-3 Year Treasury Bond ETF

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.