Connecticut Wealth Management LLC Invests $3.68 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Connecticut Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 44,467 shares of the company’s stock, valued at approximately $3,683,000.

Other large investors have also bought and sold shares of the company. MCF Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $25,000. Holos Integrated Wealth LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $29,000. Valley National Advisers Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $33,000. Finally, Accredited Wealth Management LLC boosted its stake 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 valued at $37,000 after buying an additional 150 shares in the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

NASDAQ:SHY opened at $82.09 on Friday. The stock’s 50-day simple moving average is $82.27 and its 200 day simple moving average is $82.62. The firm has a market capitalization of $25.14 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.86 and a twelve month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.2429 dividend. This represents a c) annualized dividend and a yield of 3.6%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 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.