Verdence Capital Advisors LLC Purchases 34,548 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Verdence Capital Advisors LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 517.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,221 shares of the company’s stock after buying an additional 34,548 shares during the period. Verdence Capital Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,347,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Midwest Heritage Bank FSB raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the 3rd quarter. Midwest Heritage Bank FSB now owns 106,386 shares of the company’s stock valued at $8,639,000 after purchasing an additional 1,513 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 328.3% during the third quarter. Apollon Wealth Management LLC now owns 41,819 shares of the company’s stock worth $3,396,000 after acquiring an additional 32,056 shares during the last quarter. Aries Wealth Management increased its stake in iShares 1-3 Year Treasury Bond ETF by 1.7% during the 3rd quarter. Aries Wealth Management now owns 68,299 shares of the company’s stock valued at $5,546,000 after purchasing an additional 1,154 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $27,274,000. Finally, Financial Management Professionals Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $1,140,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

Shares of NASDAQ SHY opened at $81.45 on Wednesday. The stock has a market cap of $27.24 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company has a 50 day simple moving average of $81.45 and a two-hundred day simple moving average of $82.14. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.95 and a 12 month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.2410 dividend. The ex-dividend date was Thursday, October 1st. This represents a $2.89 annualized dividend and a dividend yield of 3.6%. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.