Hollow Brook Wealth Management LLC Increases Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Hollow Brook Wealth Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,600 shares of the company’s stock after purchasing an additional 765 shares during the quarter. Hollow Brook Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,854,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SHY. Balentine LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.5% during the 3rd quarter. Balentine LLC now owns 9,242,041 shares of the company’s stock worth $748,328,000 after acquiring an additional 136,230 shares during the period. Assetmark Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 601.3% in the 3rd quarter. Assetmark Inc. now owns 7,874,166 shares of the company’s stock valued at $637,571,000 after buying an additional 6,751,373 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 20.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,531,456 shares of the company’s stock valued at $447,882,000 after buying an additional 939,567 shares during the period. Bank of New York Mellon Corp increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 7.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,114,732 shares of the company’s stock valued at $414,140,000 after purchasing an additional 350,025 shares in the last quarter. Finally, Cornell University purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $35,212,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock traded down $0.10 on Tuesday, hitting $81.15. The company’s stock had a trading volume of 6,306,276 shares, compared to its average volume of 4,533,878. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.55 and a 1 year high of $82.60. The firm has a fifty day moving average price of $81.49 and a 200-day moving average price of $81.57. The company has a market capitalization of $24.60 billion, a price-to-earnings ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.2705 per share. The ex-dividend date was Monday, April 1st. This represents a $3.25 annualized dividend and a yield of 4.00%.

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.