Alliance Wealth Management Group Purchases 420 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Alliance Wealth Management Group boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,026 shares of the company’s stock after buying an additional 420 shares during the period. Alliance Wealth Management Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHY. WestEnd Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $30,000. Financial Connections Group Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth about $31,000. Rational Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $67,000. Global Trust Asset Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $68,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares during the period. 23.62% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0 %

Shares of SHY stock opened at $82.01 on Monday. The stock has a 50 day simple moving average of $82.51 and a 200 day simple moving average of $82.18. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The stock has a market cap of $22.15 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 business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.2831 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.14%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Friday, November 1st.

iShares 1-3 Year Treasury Bond ETF 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.