Mezzasalma Advisors LLC Acquires New Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Mezzasalma Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,383 shares of the company’s stock, valued at approximately $611,000.

Several other institutional investors have also recently added to or reduced their stakes in SHY. Accredited Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $25,000. Godsey & Gibb Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at $26,000. Van ECK Associates Corp lifted its position in iShares 1-3 Year Treasury Bond ETF by 92.1% during the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after buying an additional 187 shares during the period. Millstone Evans Group LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $32,000. Finally, Carolinas Wealth Consulting LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 162.2% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 409 shares of the company’s stock worth $34,000 after buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.44 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.29 and a 12 month high of $83.30. The business has a 50-day moving average of $82.53 and a two-hundred day moving average of $82.32. 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.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were given a $0.2718 dividend. The ex-dividend date was Monday, June 2nd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a $3.26 annualized dividend and a dividend 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.