MV Capital Management Inc. Invests $1.96 Million in iShares 1-3 Year Treasury Bond ETF $SHY

MV Capital Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,634 shares of the company’s stock, valued at approximately $1,957,000.

A number of other institutional investors have also recently added to or reduced their stakes in SHY. MCF Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $25,000. Lodestone Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Holos Integrated Wealth LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Valley National Advisers Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $33,000. Finally, Accredited Wealth Management LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 50.0% during the third quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares in the last quarter. 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 opened at $81.99 on Friday. The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.86 and a fifty-two week high of $83.20. The stock’s fifty day moving average is $82.24 and its two-hundred day moving average is $82.58.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.2429 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.6%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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.