Founders Grove Wealth Partners LLC Makes New Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Founders Grove Wealth Partners LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,091 shares of the company’s stock, valued at approximately $991,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHY. BOKF NA grew its holdings in iShares 1-3 Year Treasury Bond ETF by 3.3% during the 2nd quarter. BOKF NA now owns 4,882 shares of the company’s stock worth $399,000 after acquiring an additional 154 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 75.5% in the 2nd quarter. Renaissance Technologies LLC now owns 847,878 shares of the company’s stock valued at $69,229,000 after buying an additional 364,878 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 299.2% in the 2nd quarter. Edgestream Partners L.P. now owns 42,066 shares of the company’s stock valued at $3,435,000 after buying an additional 31,528 shares in the last quarter. Clearstead Trust LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 18.2% in the 2nd quarter. Clearstead Trust LLC now owns 3,687 shares of the company’s stock valued at $301,000 after buying an additional 568 shares in the last quarter. Finally, Purus Wealth Management LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.9% in the 2nd quarter. Purus Wealth Management LLC now owns 7,212 shares of the company’s stock valued at $589,000 after buying an additional 200 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $81.87 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The stock has a market capitalization of $22.74 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The company’s 50-day simple moving average is $82.01 and its 200-day simple moving average is $82.32.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.2804 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.