Arkadios Wealth Advisors Grows Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Arkadios Wealth Advisors raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 26.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,792 shares of the company’s stock after purchasing an additional 2,639 shares during the period. Arkadios Wealth Advisors’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $37,000. Global Trust Asset Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $68,000. Creative Financial Designs Inc. ADV raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after acquiring an additional 167 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $76,000. Finally, Bristlecone Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $78,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

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

Shares of SHY stock opened at $82.08 on Monday. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The firm has a 50-day moving average price of $82.01 and a 200 day moving average price of $82.33. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.2804 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares 1-3 Year Treasury Bond ETF Company 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.