iShares 1-3 Year Treasury Bond ETF $SHY Stock Position Increased by Innova Wealth Partners

Innova Wealth Partners lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 134.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,143 shares of the company’s stock after acquiring an additional 182,540 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 12.4% of Innova Wealth Partners’ investment portfolio, making the stock its largest holding. Innova Wealth Partners’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $26,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SHY. TruWealth Advisors LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 4.5% in the fourth quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock worth $234,000 after purchasing an additional 121 shares during the last quarter. Bryn Mawr Trust Advisors LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock valued at $467,000 after buying an additional 126 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock valued at $737,000 after buying an additional 126 shares during the period. Tower View Wealth Management LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11.4% during the 1st quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock valued at $106,000 after buying an additional 132 shares during the period. Finally, Clientfirst Wealth Management LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% in the 3rd quarter. Clientfirst Wealth Management LLC now owns 11,689 shares of the company’s stock worth $970,000 after buying an additional 133 shares during the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $81.84 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.83 and a 1 year high of $83.20. The company has a market cap of $25.06 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The stock’s fifty day moving average price is $82.15 and its 200-day moving average price is $82.53.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be issued a $0.2383 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.