Axxcess Wealth Management LLC Has $6.20 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Axxcess Wealth Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 83.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 74,817 shares of the company’s stock after buying an additional 34,133 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 3.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock valued at $965,000 after acquiring an additional 351 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 176.5% in the 1st quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock valued at $85,000 after purchasing an additional 653 shares during the last quarter. Alamar Capital Management LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 182.1% in the 1st quarter. Alamar Capital Management LLC now owns 62,833 shares of the company’s stock valued at $5,198,000 after purchasing an additional 40,561 shares during the last quarter. Irenic Capital Management LP increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 400.0% in the 1st quarter. Irenic Capital Management LP now owns 30,000 shares of the company’s stock valued at $2,482,000 after purchasing an additional 24,000 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.9% in the 1st quarter. IFP Advisors Inc now owns 12,807 shares of the company’s stock valued at $1,059,000 after purchasing an additional 716 shares during the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $83.09 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.67 and a 52-week high of $83.12. The business’s fifty day moving average is $82.84 and its 200-day moving average is $82.65. The firm has a market cap of $24.01 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were paid a $0.2563 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.