Modera Wealth Management LLC Increases Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Modera Wealth Management LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 44.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 24,863 shares of the company’s stock after acquiring an additional 7,629 shares during the quarter. Modera Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,030,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $1,451,000. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $377,000. Silver Oak Securities Incorporated raised its position in iShares 1-3 Year Treasury Bond ETF by 215.6% in the fourth quarter. Silver Oak Securities Incorporated now owns 6,369 shares of the company’s stock valued at $523,000 after purchasing an additional 4,351 shares during the period. Choreo LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 10.5% in the 4th quarter. Choreo LLC now owns 59,559 shares of the company’s stock valued at $4,886,000 after purchasing an additional 5,669 shares during the last quarter. Finally, Greatmark Investment Partners Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $263,000. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY remained flat at $82.80 on Friday. 2,777,979 shares of the company traded hands, compared to its average volume of 4,000,214. The stock’s 50-day simple moving average is $82.15 and its two-hundred day simple moving average is $81.70. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.62 and a 12-month high of $82.91. The stock has a market cap of $24.56 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were paid a $0.2725 dividend. This represents a $3.27 dividend on an annualized basis and a dividend yield of 3.95%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Thursday, August 1st.

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.