Wealth Enhancement Advisory Services LLC Acquires 156,721 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 38.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 567,526 shares of the company’s stock after purchasing an additional 156,721 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $47,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHY. Captrust Financial Advisors boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 58.5% in the third quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock valued at $1,412,338,000 after acquiring an additional 6,281,496 shares in the last quarter. Bank of America Corp DE raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1.1% in the 3rd quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock worth $973,965,000 after purchasing an additional 133,178 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,703,637 shares of the company’s stock worth $556,134,000 after purchasing an additional 272,758 shares during the period. Mizuho Markets Americas LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 93.4% in the 3rd quarter. Mizuho Markets Americas LLC now owns 5,000,247 shares of the company’s stock worth $414,820,000 after purchasing an additional 2,414,144 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,682,094 shares of the company’s stock valued at $388,325,000 after purchasing an additional 257,934 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.43 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $82.21 and a 1 year high of $83.20. The company’s 50-day moving average is $82.82 and its 200 day moving average is $82.87. The stock has a market capitalization of $24.09 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.223 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

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.