American Wealth Advisors LLC Purchases New Position in iShares 1-3 Year Treasury Bond ETF $SHY

American Wealth Advisors LLC purchased 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 purchased 77,905 shares of the company’s stock, valued at approximately $6,463,000. iShares 1-3 Year Treasury Bond ETF accounts for about 6.4% of American Wealth Advisors LLC’s holdings, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BTS Asset Management Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $457,000. Insigneo Advisory Services LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 6.6% during the third quarter. Insigneo Advisory Services LLC now owns 25,241 shares of the company’s stock worth $2,094,000 after buying an additional 1,571 shares in the last quarter. Great Lakes Retirement Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 8.1% in the 3rd quarter. Great Lakes Retirement Inc. now owns 65,346 shares of the company’s stock valued at $5,421,000 after buying an additional 4,911 shares during the last quarter. Israel Discount Bank of New York bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $543,000. Finally, Mcdonald Partners LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 6.0% during the 3rd quarter. Mcdonald Partners LLC now owns 12,387 shares of the company’s stock valued at $1,028,000 after acquiring an additional 704 shares in the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.75 on Thursday. 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 has a market capitalization of $24.19 billion, a price-to-earnings 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 Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, March 2nd will be issued a dividend of $0.223 per share. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.2%.

iShares 1-3 Year Treasury Bond ETF Company 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.