Elevation Point Wealth Partners LLC Increases Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Elevation Point Wealth Partners LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 47.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 25,199 shares of the company’s stock after purchasing an additional 8,142 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,081,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. TruWealth Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 4.5% in the fourth quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock worth $234,000 after buying an additional 121 shares during the last quarter. Bryn Mawr Trust Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 2.3% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock valued at $467,000 after acquiring 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 valued at $737,000 after acquiring an additional 126 shares during the period. Tower View Wealth Management LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 11.4% in the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock valued at $106,000 after acquiring an additional 132 shares during the period. Finally, Clientfirst Wealth Management LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% in the third quarter. Clientfirst Wealth Management LLC now owns 11,689 shares of the company’s stock valued at $970,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.94 on Monday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.83 and a 12-month high of $83.20. The firm has a 50-day moving average price of $82.13 and a 200-day moving average price of $82.52. The firm has a market capitalization of $25.36 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be given a $0.2383 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, July 1st.

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.