Palumbo Wealth Management LLC Acquires 101,395 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Palumbo Wealth Management LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 486.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 122,246 shares of the company’s stock after acquiring an additional 101,395 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for approximately 2.6% of Palumbo Wealth Management LLC’s portfolio, making the stock its 11th biggest position. Palumbo Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,142,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Hantz Financial Services Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $25,000. Key Financial Inc grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% in the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after acquiring an additional 196 shares in the last quarter. Pflug Koory LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 637.8% in the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 287 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $29,000. Finally, Howe & Rusling Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 36,100.0% during the second quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock worth $30,000 after acquiring an additional 361 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $83.06 on Tuesday. The stock has a 50 day moving average price of $82.87 and a 200 day moving average price of $82.88. The stock has a market capitalization of $24.28 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $82.21 and a 52 week high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.25 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd.

iShares 1-3 Year Treasury Bond ETF Company 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.