47,137 iShares 1-3 Year Treasury Bond ETF $SHY Shares Purchased by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 256.1% in the 3rd quarter, Holdings Channel reports. The firm owned 65,541 shares of the company’s stock after acquiring an additional 47,137 shares during the quarter. Wealth Enhancement Trust Services Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,322,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. MCF Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $30,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter valued at approximately $38,000. Finally, Beacon Financial Strategies CORP purchased a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock traded up $0.03 during midday trading on Wednesday, reaching $81.16. 4,083,448 shares of the stock were exchanged, compared to its average volume of 4,285,900. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The firm has a market cap of $26.34 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company’s fifty day moving average is $81.62 and its 200-day moving average is $81.97.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.2410 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 annualized dividend 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.