Spectrum Strategic Capital Management LLC Makes New $8.89 Million Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Spectrum Strategic Capital Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 107,339 shares of the company’s stock, valued at approximately $8,890,000. iShares 1-3 Year Treasury Bond ETF accounts for approximately 4.7% of Spectrum Strategic Capital Management LLC’s portfolio, making the stock its 5th biggest position.

A number of other hedge funds also recently modified their holdings of SHY. Key Financial Inc lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% during the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after buying an additional 196 shares during the period. Holos Integrated Wealth LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $29,000. Valley National Advisers Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 50.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock worth $37,000 after buying an additional 150 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.06 on Monday. The company has a market capitalization of $25.13 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $82.06 and a one year high of $83.20. The business has a 50 day simple moving average of $82.44 and a 200 day simple moving average of $82.72.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.2428 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, May 1st.

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.