Modern Wealth Management LLC Has $38.48 Million Stake in iShares 1-3 Year Treasury Bond ETF $SHY

by · The Cerbat Gem

Modern Wealth Management LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 18.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 464,347 shares of the company’s stock after purchasing an additional 72,128 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 1.0% of Modern Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Modern Wealth Management LLC owned about 0.16% of iShares 1-3 Year Treasury Bond ETF worth $38,476,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SHY. Hantz Financial Services Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at $25,000. Howe & Rusling Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 36,100.0% during the 2nd quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock valued at $30,000 after acquiring an additional 361 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% in 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. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $39,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.87 on Friday. The company has a market capitalization of $23.92 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company’s 50 day moving average price is $82.92 and its 200 day moving average price is $82.75. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.67 and a 52 week high of $83.14.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were issued a dividend of $0.2488 per share. The ex-dividend date was Monday, December 1st.

iShares 1-3 Year Treasury Bond ETF Profile

(Free Report)

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.

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