ARS Wealth Advisors Group LLC Makes New $469,000 Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

ARS Wealth Advisors Group LLC bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,720 shares of the company’s stock, valued at approximately $469,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fulcrum Equity Management acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth about $472,000. Hsbc Holdings PLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 614,149 shares of the company’s stock worth $49,730,000 after purchasing an additional 7,431 shares during the last quarter. Spreng Capital Management Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 5.3% during the 4th quarter. Spreng Capital Management Inc. now owns 29,109 shares of the company’s stock valued at $2,388,000 after acquiring an additional 1,461 shares during the period. Element Wealth LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 25.7% during the 4th quarter. Element Wealth LLC now owns 21,945 shares of the company’s stock valued at $1,800,000 after acquiring an additional 4,488 shares during the period. Finally, Sarasin & Partners LLP purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $1,151,000. 23.62% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2 %

iShares 1-3 Year Treasury Bond ETF stock traded up $0.13 during midday trading on Friday, reaching $81.30. 4,960,204 shares of the stock traded hands, compared to its average volume of 4,570,730. The company has a 50-day simple moving average of $81.46 and a two-hundred day simple moving average of $81.57. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.55 and a 12-month high of $82.60. The firm has a market cap of $24.54 billion, a PE ratio of 3,695.45 and a beta of 0.04.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.2616 per share. This represents a $3.14 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Wednesday, May 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.