Spectrum Planning & Advisory Services Inc. Makes New $655,000 Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Spectrum Planning & Advisory Services Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, Holdings Channel.com reports. The firm bought 7,903 shares of the company’s stock, valued at approximately $655,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHY. NewEdge Advisors LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 0.7% during the second 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 boosted its position in iShares 1-3 Year Treasury Bond ETF by 103.3% during the second 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 bought a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $70,000. NCM Capital Management LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 6.7% during the second 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. boosted its position in iShares 1-3 Year Treasury Bond ETF by 2.9% during the second 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 own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.01 on Wednesday. The company has a 50-day moving average price of $82.33 and a two-hundred day moving average price of $82.67. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.94 and a twelve month high of $83.20. The firm has a market capitalization of $25.11 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, June 1st will be given a $0.2429 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date is Monday, June 1st.

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.