Palumbo Wealth Management LLC Buys 3,973 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Palumbo Wealth Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 118.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,329 shares of the company’s stock after acquiring an additional 3,973 shares during the period. Palumbo Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHY. Allspring Global Investments Holdings LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 55.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 392,240 shares of the company’s stock valued at $32,077,000 after acquiring an additional 140,372 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% during the first quarter. Ashton Thomas Private Wealth LLC now owns 45,092 shares of the company’s stock worth $3,688,000 after purchasing an additional 998 shares during the period. SpiderRock Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter worth approximately $312,000. Private Advisor Group LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 75.9% in the first quarter. Private Advisor Group LLC now owns 667,542 shares of the company’s stock valued at $54,592,000 after buying an additional 287,980 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth approximately $1,287,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock traded down $0.03 during trading hours on Thursday, hitting $82.31. 336,573 shares of the company were exchanged, compared to its average volume of 4,016,593. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.80 and a fifty-two week high of $83.30. The company has a 50 day simple moving average of $82.79 and a two-hundred day simple moving average of $82.07. The firm has a market cap of $22.45 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.2883 dividend. The ex-dividend date was Tuesday, September 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.