Fiduciary Alliance LLC Has $550,000 Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Fiduciary Alliance LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 138.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,754 shares of the company’s stock after buying an additional 3,926 shares during the quarter. Fiduciary Alliance LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Criterion Capital Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at about $35,000. Future Financial Wealth Managment LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter worth approximately $36,000. Mather Group LLC. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth $39,000. Atticus Wealth Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 76.0% in the first quarter. Atticus Wealth Management LLC now owns 549 shares of the company’s stock worth $45,000 after acquiring an additional 237 shares during the period. Finally, Vestor Capital LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 28.8% in the 4th quarter. Vestor Capital LLC now owns 684 shares of the company’s stock valued at $56,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1 %

Shares of NASDAQ SHY traded down $0.05 during midday trading on Wednesday, hitting $82.50. 5,774,275 shares of the company’s stock were exchanged, compared to its average volume of 4,065,016. The business’s fifty day moving average price is $81.74 and its two-hundred day moving average price is $81.62. The company has a market cap of $24.47 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.62 and a 12-month high of $82.91.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were issued a $0.2725 dividend. The ex-dividend date was Thursday, August 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.27 annualized dividend and a yield of 3.96%.

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.