Arete Wealth Advisors LLC Buys 48,030 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Arete Wealth Advisors LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 422.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,390 shares of the company’s stock after acquiring an additional 48,030 shares during the period. Arete Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MCF Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $25,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares in the last quarter. Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $30,000. Finally, Valley National Advisers Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $33,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.99 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.76 and a 1 year high of $83.20. The firm has a market cap of $25.24 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company has a 50 day simple moving average of $81.99 and a two-hundred day simple moving average of $82.39.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.2383 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.