PMG Wealth Management Inc. Acquires New Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

PMG Wealth Management Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 28,132 shares of the company’s stock, valued at approximately $2,306,000. iShares 1-3 Year Treasury Bond ETF makes up about 2.1% of PMG Wealth Management Inc.’s portfolio, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Advisory Group Advisory Services LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.0% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 26,277 shares of the company’s stock worth $2,154,000 after acquiring an additional 503 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $1,008,000. Financial Harvest LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $1,258,000. Bear Mountain Capital Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $101,000. Finally, Boston Financial Mangement LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 36.4% in the 4th quarter. Boston Financial Mangement LLC now owns 149,693 shares of the company’s stock valued at $12,272,000 after purchasing an additional 39,976 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.24 on Friday. The company has a 50-day simple moving average of $82.00 and a 200-day simple moving average of $82.35. The company has a market cap of $23.18 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.2735 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date was Monday, February 3rd.

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.