Portside Wealth Group LLC Has $1.61 Million Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Portside Wealth Group LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 288.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,423 shares of the company’s stock after purchasing an additional 14,418 shares during the quarter. Portside Wealth Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after acquiring an additional 125 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $39,000. Flaharty Asset Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth approximately $40,000. Finally, Garrison Bradford & Associates Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth $41,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

Shares of SHY stock opened at $82.82 on Tuesday. The firm has a market capitalization of $23.91 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm has a fifty day simple moving average of $82.92 and a two-hundred day simple moving average of $82.69. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.67 and a 12 month high of $83.14.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2627 per share. The ex-dividend date of this dividend was Monday, November 3rd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a c) annualized dividend and a dividend yield of 3.8%.

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.