7,695 Shares of iShares 1-3 Year Treasury Bond ETF $SHY Acquired by Modera Wealth Management LLC

Modera Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,695 shares of the company’s stock, valued at approximately $625,000.

Several other hedge funds have also recently bought and sold shares of SHY. Bank of America Corp DE grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 28.3% in the first quarter. Bank of America Corp DE now owns 15,649,532 shares of the company’s stock valued at $1,292,182,000 after purchasing an additional 3,451,890 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,713,736 shares of the company’s stock worth $471,783,000 after purchasing an additional 165,473 shares during the last quarter. RPOA Advisors Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $301,889,000. The Manufacturers Life Insurance Company boosted its stake in iShares 1-3 Year Treasury Bond ETF by 225.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,545,364 shares of the company’s stock valued at $291,110,000 after purchasing an additional 2,454,485 shares during the period. Finally, Assetmark Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 46.1% in the 1st quarter. Assetmark Inc. now owns 3,175,680 shares of the company’s stock valued at $262,216,000 after purchasing an additional 1,002,453 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $81.46 on Tuesday. The stock’s fifty day moving average price is $81.42 and its two-hundred day moving average price is $82.11. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The firm has a market cap of $27.44 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be given a $0.2544 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.7%.

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.