Clear Retirement Advice LLC Invests $710,000 in iShares 1-3 Year Treasury Bond ETF $SHY

Clear Retirement Advice 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 13F filing with the SEC. The fund bought 8,581 shares of the company’s stock, valued at approximately $710,000. iShares 1-3 Year Treasury Bond ETF comprises 0.6% of Clear Retirement Advice LLC’s holdings, making the stock its 26th biggest position.

Several other hedge funds also recently added to or reduced their stakes in SHY. TruWealth Advisors LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.5% in the 4th quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $234,000 after acquiring an additional 121 shares during the period. Bryn Mawr Trust Advisors LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock worth $467,000 after purchasing an additional 126 shares during the last quarter. Savant Capital LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the fourth quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after purchasing an additional 126 shares during the last quarter. Clientfirst Wealth Management LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% during the third quarter. Clientfirst Wealth Management LLC now owns 11,689 shares of the company’s stock worth $970,000 after purchasing an additional 133 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.9% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,699 shares of the company’s stock worth $1,219,000 after purchasing an additional 134 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

NASDAQ:SHY opened at $81.99 on Friday. The company’s fifty day moving average price is $82.24 and its 200-day moving average price is $82.58. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.86 and a 1-year high of $83.20. The firm has a market capitalization of $25.11 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.