Apollon Wealth Management LLC Has $5.40 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Apollon Wealth Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 247.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 65,792 shares of the company’s stock after acquiring an additional 46,880 shares during the period. Apollon Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,398,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SHY. Fortitude Family Office LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $45,000. Cedar Mountain Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $55,000. Financial Gravity Asset Management Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 771.6% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock valued at $57,000 after buying an additional 625 shares during the period. Halpern Financial Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $62,000. Finally, Salem Investment Counselors Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 79.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 768 shares of the company’s stock valued at $63,000 after buying an additional 339 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY traded down $0.01 during trading hours on Monday, hitting $81.29. 2,960,392 shares of the stock were exchanged, compared to its average volume of 4,552,068. The company’s fifty day simple moving average is $81.45 and its two-hundred day simple moving average is $81.58. The company has a market cap of $24.54 billion, a PE ratio of 3,695.45 and a beta of 0.04. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.55 and a 1-year high of $82.43.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be issued a $0.2616 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, May 1st.

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.