iShares 1-3 Year Treasury Bond ETF $SHY Position Raised by Modern Wealth Management LLC

Modern Wealth Management LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 469,791 shares of the company’s stock after purchasing an additional 35,817 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $38,673,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 131,739 shares of the company’s stock worth $10,916,000 after acquiring an additional 916 shares during the period. Squarepoint Ops LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 103.3% in the 2nd quarter. Squarepoint Ops LLC now owns 15,212 shares of the company’s stock worth $1,260,000 after purchasing an additional 7,731 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $70,000. NCM Capital Management LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 6.7% in the second quarter. NCM Capital Management LLC now owns 9,569 shares of the company’s stock valued at $793,000 after purchasing an additional 603 shares during the period. Finally, Ausdal Financial Partners Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 32,729 shares of the company’s stock valued at $2,712,000 after buying an additional 919 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 Trading Down 0.1%

Shares of NASDAQ SHY opened at $81.77 on Friday. The stock has a 50 day simple moving average of $82.01 and a 200-day simple moving average of $82.43. The company has a market cap of $25.43 billion, a PE ratio of 3,747.73 and a beta of 0.05. 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 firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2383 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.5%.

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.