Lake Hills Wealth Management LLC Buys 56,583 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Lake Hills Wealth Management LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 35.3% during the first quarter, Holdings Channel reports. The firm owned 216,888 shares of the company’s stock after buying an additional 56,583 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises about 12.4% of Lake Hills Wealth Management LLC’s holdings, making the stock its 2nd largest position. Lake Hills Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $17,943,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accredited Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $25,000. Godsey & Gibb Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $30,000. Van ECK Associates Corp increased its position in iShares 1-3 Year Treasury Bond ETF by 92.1% in the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after acquiring an additional 187 shares during the period. Finally, Millstone Evans Group LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $32,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.21 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.26 and a 12 month high of $83.30. The stock has a market cap of $24.15 billion, a P/E ratio of 3,747.73 and a beta of 0.01. The stock’s 50 day moving average price is $82.57 and its 200 day moving average price is $82.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were given a $0.2718 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a $3.26 annualized dividend and a yield of 3.97%. The ex-dividend date was Monday, June 2nd.

iShares 1-3 Year Treasury Bond ETF 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.