Brookstone Capital Management Boosts Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Brookstone Capital Management grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,219 shares of the company’s stock after purchasing an additional 16,737 shares during the quarter. Brookstone Capital Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,587,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Quent Long Short Global Small Cap Fund LP bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $53,414,000. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 118.9% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 84,768 shares of the company’s stock worth $7,023,000 after purchasing an additional 46,040 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 15.8% during the third quarter. Focus Partners Advisor Solutions LLC now owns 85,119 shares of the company’s stock valued at $7,052,000 after buying an additional 11,593 shares during the last quarter. Fifth Third Securities Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 79.5% during the fourth quarter. Fifth Third Securities Inc. now owns 40,864 shares of the company’s stock valued at $3,384,000 after buying an additional 18,099 shares during the last quarter. Finally, Stapp Wealth Management Pllc lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 211.2% during the fourth quarter. Stapp Wealth Management Pllc now owns 13,302 shares of the company’s stock valued at $1,102,000 after buying an additional 9,027 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $81.91 on Tuesday. The company’s 50-day simple moving average is $82.22 and its 200-day simple moving average is $82.57. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.86 and a fifty-two week high of $83.20. The stock has a market capitalization of $25.08 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. Investors of record on Monday, June 1st were given a dividend of $0.2429 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.