Western Wealth Management LLC Raises Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Western Wealth Management LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 456.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 42,415 shares of the company’s stock after buying an additional 34,793 shares during the quarter. Western Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,502,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. increased its position 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 worth $26,000 after purchasing an additional 249 shares during the last quarter. Lodestone Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $30,000. Finally, Valley National Advisers Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY opened at $81.99 on Friday. The stock has a market capitalization of $25.24 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm’s 50-day moving average is $81.99 and its two-hundred day moving average is $82.39. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.76 and a 12 month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.