Flagship Private Wealth LLC Acquires 10,013 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Flagship Private Wealth LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 25.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 49,273 shares of the company’s stock after purchasing an additional 10,013 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 1.7% of Flagship Private Wealth LLC’s portfolio, making the stock its 19th biggest position. Flagship Private Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,068,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. MCF Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $25,000. Holos Integrated Wealth LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Valley National Advisers Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $33,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at about $38,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1%

NASDAQ:SHY opened at $82.11 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.86 and a 1-year high of $83.20. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The business’s 50-day moving average price is $82.17 and its two-hundred day moving average price is $82.54.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.2429 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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.