Spectrum Strategic Capital Management LLC Buys New Position in iShares 1-3 Year Treasury Bond ETF $SHY

Spectrum Strategic Capital Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 107,339 shares of the company’s stock, valued at approximately $8,890,000. iShares 1-3 Year Treasury Bond ETF accounts for approximately 4.7% of Spectrum Strategic Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in SHY. Key Financial Inc boosted its stake in iShares 1-3 Year Treasury Bond ETF by 158.1% during the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after purchasing an additional 196 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $29,000. Valley National Advisers Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 50.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock worth $37,000 after acquiring an additional 150 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.06 on Monday. The stock has a 50 day moving average of $82.44 and a two-hundred day moving average of $82.72. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $82.06 and a 12 month high of $83.20. The company has a market capitalization of $25.13 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a $0.2428 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

iShares 1-3 Year Treasury Bond ETF 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.