Salomon & Ludwin LLC Has $12.64 Million Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Salomon & Ludwin LLC raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 152,526 shares of the company’s stock after purchasing an additional 12,470 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for approximately 1.1% of Salomon & Ludwin LLC’s portfolio, making the stock its 27th largest position. Salomon & Ludwin LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $12,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHY. NewEdge Advisors LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 131,739 shares of the company’s stock worth $10,916,000 after purchasing an additional 916 shares during the period. Squarepoint Ops LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 103.3% in the 2nd quarter. Squarepoint Ops LLC now owns 15,212 shares of the company’s stock worth $1,260,000 after purchasing an additional 7,731 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $70,000. NCM Capital Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 6.7% in the 2nd quarter. NCM Capital Management LLC now owns 9,569 shares of the company’s stock worth $793,000 after purchasing an additional 603 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 32,729 shares of the company’s stock worth $2,712,000 after purchasing an additional 919 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.48 on Wednesday. The company has a market capitalization of $25.65 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $82.21 and a 52-week high of $83.20. The company’s 50 day moving average price is $82.65 and its 200-day moving average price is $82.80.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a $0.2469 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

iShares 1-3 Year Treasury Bond ETF Company 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.