iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) is Alterna Wealth Management Inc.’s 6th Largest Position

Alterna Wealth Management Inc. decreased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 41.3% in the 3rd quarter, Holdings Channel reports. The firm owned 55,144 shares of the company’s stock after selling 38,737 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises 4.1% of Alterna Wealth Management Inc.’s investment portfolio, making the stock its 6th largest holding. Alterna Wealth Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 5.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 2,758 shares of the company’s stock worth $225,000 after buying an additional 131 shares in the last quarter. Patton Fund Management Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.8% in the second quarter. Patton Fund Management Inc. now owns 7,767 shares of the company’s stock worth $634,000 after acquiring an additional 140 shares during the last quarter. SPC Financial Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% during the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after buying an additional 140 shares during the last quarter. Secure Asset Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.0% in the second quarter. Secure Asset Management LLC now owns 7,528 shares of the company’s stock valued at $615,000 after acquiring an additional 148 shares during the period. Finally, Aveo Capital Partners LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.0% in the second quarter. Aveo Capital Partners LLC now owns 15,054 shares of the company’s stock valued at $1,229,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1 %

NASDAQ SHY opened at $82.11 on Tuesday. The stock’s 50-day moving average price is $82.75 and its 200-day moving average price is $82.10. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The company has a market capitalization of $22.18 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.2831 per share. This represents a $3.40 annualized dividend and a yield of 4.14%. The ex-dividend date is Friday, November 1st. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.