Principle Wealth Partners LLC Invests $428,000 in iShares 1-3 Year Treasury Bond ETF $SHY

Principle Wealth Partners LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,167 shares of the company’s stock, valued at approximately $428,000.

A number of other large investors also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its position in iShares 1-3 Year Treasury Bond ETF by 45.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after purchasing an additional 125 shares during the period. WestEnd Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $35,000. Oliver Lagore Vanvalin Investment Group acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at approximately $39,000. Flaharty Asset Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $40,000. Finally, Garrison Bradford & Associates Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $41,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $83.06 on Friday. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.67 and a one year high of $83.14. The stock’s fifty day moving average is $82.90 and its 200-day moving average is $82.67. The company has a market capitalization of $24.27 billion, a PE ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.2563 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis 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.