Element Wealth LLC Raises Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Element Wealth LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 25.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,945 shares of the company’s stock after buying an additional 4,488 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises about 1.1% of Element Wealth LLC’s holdings, making the stock its 21st largest position. Element Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barrett & Company Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Barrett & Company Inc. now owns 9,375 shares of the company’s stock worth $769,000 after buying an additional 125 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,043 shares of the company’s stock valued at $414,000 after purchasing an additional 133 shares in the last quarter. Straight Path Wealth Management boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 4.8% in the 4th quarter. Straight Path Wealth Management now owns 3,295 shares of the company’s stock valued at $270,000 after purchasing an additional 150 shares in the last quarter. Seelaus Asset Management LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.3% in the 4th quarter. Seelaus Asset Management LLC now owns 6,757 shares of the company’s stock valued at $554,000 after purchasing an additional 150 shares in the last quarter. Finally, 1834 Investment Advisors Co. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 6.2% in the 3rd quarter. 1834 Investment Advisors Co. now owns 2,710 shares of the company’s stock valued at $219,000 after purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock traded up $0.07 during midday trading on Tuesday, reaching $81.28. 3,614,206 shares of the company traded hands, compared to its average volume of 4,549,927. The firm’s 50 day simple moving average is $81.54 and its two-hundred day simple moving average is $81.56. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.55 and a 1-year high of $82.60. The firm has a market cap of $24.61 billion, a PE ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2705 per share. The ex-dividend date was Monday, April 1st. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.99%.

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.