Foundations Investment Advisors LLC Has $111.73 Million Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Foundations Investment Advisors LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Rating) by 5,157.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,376,525 shares of the company’s stock after purchasing an additional 1,350,344 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises approximately 4.4% of Foundations Investment Advisors LLC’s holdings, making the stock its 5th largest position. Foundations Investment Advisors LLC owned about 0.40% of iShares 1-3 Year Treasury Bond ETF worth $111,733,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SHY. American National Bank grew its holdings in iShares 1-3 Year Treasury Bond ETF by 1,162.5% during the 3rd quarter. American National Bank now owns 303 shares of the company’s stock worth $25,000 after acquiring an additional 279 shares during the last quarter. Lowe Wealth Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $28,000. Salem Investment Counselors Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 316.7% in the 3rd quarter. Salem Investment Counselors Inc. now owns 425 shares of the company’s stock valued at $35,000 after acquiring an additional 323 shares during the period. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at approximately $35,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at approximately $54,000. Institutional investors own 22.85% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY traded up $0.41 during mid-day trading on Friday, reaching $82.27. The stock had a trading volume of 8,629,668 shares, compared to its average volume of 6,192,362. The firm has a 50 day simple moving average of $81.39 and a two-hundred day simple moving average of $81.33. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.48 and a twelve month high of $83.87.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Thursday, March 2nd were issued a dividend of $0.162 per share. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.15. This represents a $1.94 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 1st.

About iShares 1-3 Year Treasury Bond ETF

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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.