Cetera Investment Advisers Buys 35,836 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Cetera Investment Advisers boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.2% in the first 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 purchasing an additional 35,836 shares during the period. Cetera Investment Advisers owned approximately 0.20% of iShares 1-3 Year Treasury Bond ETF worth $50,653,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. MCF Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% in 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 during the last quarter. Lodestone Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $29,000. Valley National Advisers Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $33,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $38,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%

Shares of NASDAQ:SHY opened at $81.85 on Friday. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.76 and a 52 week high of $83.20. The firm has a 50 day moving average of $82.01 and a 200 day moving average of $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. Stockholders of record on Wednesday, July 1st were issued a $0.2383 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Wednesday, July 1st.

iShares 1-3 Year Treasury Bond ETF Company 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.