Robertson Stephens Wealth Management LLC Acquires 11,752 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Robertson Stephens Wealth Management LLC grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 232.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,814 shares of the company’s stock after purchasing an additional 11,752 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Accredited Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $25,000. Godsey & Gibb Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth $26,000. Van ECK Associates Corp boosted its position in shares of 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 purchasing an additional 187 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $32,000. Finally, Carolinas Wealth Consulting LLC increased its position in shares of 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 valued at $34,000 after buying an additional 253 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors.

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’s fifty day simple moving average is $82.53 and its 200 day simple moving average is $82.32. The company has a market capitalization of $24.21 billion, a PE ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.29 and a 12 month 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. Shareholders of record on Monday, June 2nd were issued a $0.2718 dividend. This is an increase 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%. The ex-dividend date was Monday, June 2nd.

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.