Robertson Stephens Wealth Management LLC Invests $415,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Robertson Stephens Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,062 shares of the company’s stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Logan Capital Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $37,000. AlphaMark Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $63,000. Global Trust Asset Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $68,000. Creative Financial Designs Inc. ADV increased its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $76,000. 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 iShares 1-3 Year Treasury Bond ETF stock opened at $81.97 on Friday. The business has a 50-day moving average of $82.03 and a 200-day moving average of $82.36. The company has a market capitalization of $23.10 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2735 per share. The ex-dividend date was Monday, February 3rd. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

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.