Dogwood Wealth Management LLC Grows Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Dogwood Wealth Management LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.5% in the second quarter, Holdings Channel.com reports. The firm owned 84,670 shares of the company’s stock after buying an additional 4,405 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 3.4% of Dogwood Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Dogwood Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,977,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SHY. Vigilare Wealth Management boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 96.3% during the second quarter. Vigilare Wealth Management now owns 140,813 shares of the company’s stock valued at $11,668,000 after buying an additional 69,081 shares during the last quarter. Trust Co. of Vermont raised its position in iShares 1-3 Year Treasury Bond ETF by 229.9% in the 2nd quarter. Trust Co. of Vermont now owns 2,573 shares of the company’s stock valued at $213,000 after buying an additional 1,793 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 12.8% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 456,099 shares of the company’s stock valued at $37,792,000 after buying an additional 51,847 shares during the last quarter. Pacific Point Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $1,033,000. Finally, Lowery Thomas LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 14.6% in the second quarter. Lowery Thomas LLC now owns 10,642 shares of the company’s stock valued at $882,000 after purchasing an additional 1,353 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $82.96 on Wednesday. The firm has a 50-day moving average of $82.79 and a 200-day moving average of $82.63. The company has a market cap of $23.46 billion, a P/E ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.67 and a one year high of $83.12.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were issued a $0.2584 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.