58,283 Shares in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Purchased by Accurate Wealth Management LLC

Accurate Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 1st quarter, Holdings Channel reports. The fund purchased 58,283 shares of the company’s stock, valued at approximately $4,804,000. iShares 1-3 Year Treasury Bond ETF accounts for about 0.9% of Accurate Wealth Management LLC’s holdings, making the stock its 16th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHY. A. D. Beadell Investment Counsel Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF by 2.4% in the 1st quarter. A. D. Beadell Investment Counsel Inc. now owns 5,526 shares of the company’s stock valued at $457,000 after buying an additional 127 shares during the last quarter. Hobbs Group Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Hobbs Group Advisors LLC now owns 9,916 shares of the company’s stock valued at $813,000 after purchasing an additional 136 shares during the period. Spreng Capital Management Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Spreng Capital Management Inc. now owns 10,388 shares of the company’s stock valued at $852,000 after purchasing an additional 140 shares during the last quarter. Blueprint Investment Partners LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.2% in the 4th quarter. Blueprint Investment Partners LLC now owns 6,666 shares of the company’s stock valued at $546,000 after purchasing an additional 142 shares during the last quarter. Finally, Cabot Wealth Management Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.3% during the 4th quarter. Cabot Wealth Management Inc. now owns 59,923 shares of the company’s stock worth $4,912,000 after buying an additional 161 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.27 on Tuesday. The firm has a 50 day simple moving average of $82.56 and a 200 day simple moving average of $82.31. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.26 and a fifty-two week high of $83.30. The company has a market cap of $23.89 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.04.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.2718 per share. This represents a $3.26 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Monday, June 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.