Foundry Financial Group Inc. Buys 1,593 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Foundry Financial Group Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 14.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,676 shares of the company’s stock after acquiring an additional 1,593 shares during the period. Foundry Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,050,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 3.1% in the first quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock worth $965,000 after acquiring an additional 351 shares during the period. Golden State Wealth Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 176.5% in the first quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock worth $85,000 after acquiring an additional 653 shares during the period. Alamar Capital Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 182.1% in the first quarter. Alamar Capital Management LLC now owns 62,833 shares of the company’s stock worth $5,198,000 after acquiring an additional 40,561 shares during the period. Irenic Capital Management LP raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 400.0% in the first quarter. Irenic Capital Management LP now owns 30,000 shares of the company’s stock valued at $2,482,000 after purchasing an additional 24,000 shares during the period. Finally, Investment Advisory Group LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% in the first quarter. Investment Advisory Group LLC now owns 34,147 shares of the company’s stock valued at $2,825,000 after purchasing an additional 1,723 shares during the period. Institutional investors own 23.15% of the company’s stock.

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

NASDAQ SHY opened at $82.80 on Thursday. The company’s 50 day moving average is $82.79 and its 200-day moving average is $82.63. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.67 and a 12-month high of $83.12. The firm has a market cap of $23.42 billion, a P/E ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be given a $0.2563 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

iShares 1-3 Year Treasury Bond ETF 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.