Net Worth Advisory Group Has $10.56 Million Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Net Worth Advisory Group decreased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.3% in the first quarter, HoldingsChannel reports. The firm owned 127,579 shares of the company’s stock after selling 363 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up 3.3% of Net Worth Advisory Group’s investment portfolio, making the stock its 3rd biggest position. Net Worth Advisory Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,555,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHY. Accredited Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Godsey & Gibb Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $30,000. Van ECK Associates Corp grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after acquiring an additional 187 shares during the period. Finally, Millstone Evans Group LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $32,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

iShares 1-3 Year Treasury Bond ETF stock opened at $82.40 on Thursday. The company has a market capitalization of $23.93 billion, a P/E ratio of 3,747.73 and a beta of 0.04. The stock’s 50 day moving average is $82.55 and its 200 day moving average is $82.31. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.29 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were paid a $0.2718 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.26 annualized dividend and a dividend yield of 3.96%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.