Litman Gregory Wealth Management LLC Acquires New Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Litman Gregory Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 2nd quarter, Holdings Channel reports. The firm purchased 2,830 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also recently modified their holdings of the stock. Belpointe Asset Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 17.2% during the second quarter. Belpointe Asset Management LLC now owns 17,284 shares of the company’s stock worth $1,432,000 after buying an additional 2,534 shares in the last quarter. MAS Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at $502,000. Berkshire Money Management Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter valued at $43,000. CPR Investments Inc. increased its position in iShares 1-3 Year Treasury Bond ETF by 5.2% during the 2nd quarter. CPR Investments Inc. now owns 47,875 shares of the company’s stock worth $3,967,000 after purchasing an additional 2,345 shares in the last quarter. Finally, Valpey Financial Services LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $960,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.79 on Monday. The firm has a market cap of $23.97 billion, a PE ratio of 3,747.73 and a beta of 0.01. The firm has a 50 day simple moving average of $82.80 and a 200-day simple moving average of $82.63. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.67 and a 1-year high of $83.12.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be issued a $0.2563 dividend. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.7%.

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.