Raleigh Capital Management Inc. Acquires 22,468 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Raleigh Capital Management Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2,246,800.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,469 shares of the company’s stock after buying an additional 22,468 shares during the period. Raleigh Capital Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,855,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Quent Long Short Global Small Cap Fund LP purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $53,414,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 118.9% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 84,768 shares of the company’s stock valued at $7,023,000 after buying an additional 46,040 shares in the last quarter. Innova Wealth Partners lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 134.6% during the 1st quarter. Innova Wealth Partners now owns 318,143 shares of the company’s stock valued at $26,269,000 after buying an additional 182,540 shares in the last quarter. Finer Wealth Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $1,685,000. Finally, Stapp Wealth Management Pllc grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 211.2% during the 4th quarter. Stapp Wealth Management Pllc now owns 13,302 shares of the company’s stock valued at $1,102,000 after acquiring an additional 9,027 shares during the period. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.94 on Friday. The firm has a 50 day moving average of $82.13 and a 200 day moving average of $82.52. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.83 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be paid a $0.2383 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.