Cetera Investment Advisers Boosts Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Cetera Investment Advisers increased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 613,460 shares of the company’s stock after buying an additional 35,836 shares during the quarter. Cetera Investment Advisers’ holdings in iShares 1-3 Year Treasury Bond ETF were worth $50,653,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SHY. Bryn Mawr Trust Advisors LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock valued at $467,000 after acquiring an additional 126 shares during the last quarter. Savant Capital LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after buying an additional 126 shares during the period. Tower View Wealth Management LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 11.4% in the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock valued at $106,000 after purchasing an additional 132 shares during the period. Cahaba Wealth Management Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 0.5% during the 1st quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock worth $2,072,000 after purchasing an additional 133 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 1.2% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 11,275 shares of the company’s stock worth $934,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other 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 $81.85 on Friday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.76 and a 12 month high of $83.20. The firm has a market capitalization of $25.46 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company’s fifty day moving average price is $82.01 and its 200 day moving average price is $82.42.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.2383 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a 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.