Innova Wealth Partners Has $26.27 Million Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Innova Wealth Partners raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 134.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318,143 shares of the company’s stock after buying an additional 182,540 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises about 12.4% of Innova Wealth Partners’ investment portfolio, making the stock its biggest holding. Innova Wealth Partners owned about 0.10% of iShares 1-3 Year Treasury Bond ETF worth $26,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 0.7% during the 2nd quarter. NewEdge Advisors LLC now owns 131,739 shares of the company’s stock valued at $10,916,000 after purchasing an additional 916 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 103.3% during the second quarter. Squarepoint Ops LLC now owns 15,212 shares of the company’s stock valued at $1,260,000 after buying an additional 7,731 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $70,000. NCM Capital Management LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 6.7% during the second quarter. NCM Capital Management LLC now owns 9,569 shares of the company’s stock valued at $793,000 after acquiring an additional 603 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 32,729 shares of the company’s stock valued at $2,712,000 after acquiring an additional 919 shares in the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.3%

Shares of NASDAQ SHY opened at $81.84 on Thursday. The firm has a market cap of $25.06 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.83 and a twelve month high of $83.20. The company has a 50 day moving average of $82.15 and a 200 day moving average of $82.53.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be paid a $0.2383 dividend. The ex-dividend date is Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.