CWA Asset Management Group LLC Has $23.80 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

CWA Asset Management Group LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 27.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 287,678 shares of the company’s stock after acquiring an additional 62,357 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up about 1.1% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 16th biggest position. CWA Asset Management Group LLC owned 0.10% of iShares 1-3 Year Treasury Bond ETF worth $23,800,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SHY. Roman Butler Fullerton & Co. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at $465,000. Seed Wealth Management Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 22.1% in the 1st quarter. Seed Wealth Management Inc. now owns 3,870 shares of the company’s stock valued at $320,000 after purchasing an additional 700 shares in the last quarter. Mezzasalma Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $611,000. Shepherd Financial Partners LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.2% during the 1st quarter. Shepherd Financial Partners LLC now owns 5,794 shares of the company’s stock worth $479,000 after purchasing an additional 233 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 575.4% during the 1st quarter. CENTRAL TRUST Co now owns 439 shares of the company’s stock valued at $36,000 after purchasing an additional 374 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0%

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.44 on Wednesday. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. The firm’s 50-day moving average price is $82.53 and its two-hundred day moving average price is $82.32. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.29 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.