Foundry Financial Group Inc. Acquires 1,593 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Foundry Financial Group Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 14.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,676 shares of the company’s stock after purchasing an additional 1,593 shares during the period. Foundry Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 3.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock worth $965,000 after acquiring an additional 351 shares during the period. Golden State Wealth Management LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 176.5% during the 1st quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock worth $85,000 after acquiring an additional 653 shares during the period. Alamar Capital Management LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 182.1% during the 1st quarter. Alamar Capital Management LLC now owns 62,833 shares of the company’s stock worth $5,198,000 after acquiring an additional 40,561 shares during the period. Irenic Capital Management LP increased its holdings in iShares 1-3 Year Treasury Bond ETF by 400.0% during the 1st quarter. Irenic Capital Management LP now owns 30,000 shares of the company’s stock worth $2,482,000 after acquiring an additional 24,000 shares during the period. Finally, Investment Advisory Group LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 5.3% during the 1st quarter. Investment Advisory Group LLC now owns 34,147 shares of the company’s stock worth $2,825,000 after acquiring an additional 1,723 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.2%

iShares 1-3 Year Treasury Bond ETF stock opened at $82.80 on Thursday. The firm’s 50 day simple moving average is $82.79 and its 200 day simple moving average is $82.63. The firm has a market capitalization of $23.42 billion, a PE ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.67 and a 1-year high of $83.12.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 6th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.2563 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, October 1st.

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.