Bright Futures Wealth Management LLC. Invests $2.35 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Bright Futures Wealth Management LLC. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, Holdings Channel.com reports. The firm acquired 28,375 shares of the company’s stock, valued at approximately $2,354,000. iShares 1-3 Year Treasury Bond ETF makes up about 1.8% of Bright Futures Wealth Management LLC.’s investment portfolio, making the stock its 13th largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Ted Buchan & Co raised its holdings in iShares 1-3 Year Treasury Bond ETF by 3.6% in the 3rd quarter. Ted Buchan & Co now owns 141,756 shares of the company’s stock valued at $11,760,000 after acquiring an additional 4,891 shares in the last quarter. Eley Financial Management Inc increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.0% during the third quarter. Eley Financial Management Inc now owns 95,382 shares of the company’s stock valued at $7,913,000 after purchasing an additional 4,576 shares during the period. Wealthedge Investment Advisors LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.7% during the third quarter. Wealthedge Investment Advisors LLC now owns 35,206 shares of the company’s stock valued at $2,921,000 after purchasing an additional 1,262 shares during the period. Caitlin John LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $72,000. Finally, Accredited Wealth Management LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 50.0% in the third quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares during the period. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $83.18 on Monday. The company has a market capitalization of $24.31 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm’s fifty day moving average price is $82.88 and its two-hundred day moving average price is $82.89. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $82.21 and a fifty-two week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.