LightSquare Wealth Management LLC grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 27.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,521 shares of the company’s stock after buying an additional 11,161 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for 2.7% of LightSquare Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding. LightSquare Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Mather Group LLC. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at $30,000. Valley National Advisers Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $32,000. Finally, Weaver Capital Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $34,000. 23.15% of the stock is owned by hedge funds and other institutional investors.
iShares 1-3 Year Treasury Bond ETF Stock Performance
Shares of SHY stock traded down $0.04 during mid-day trading on Friday, hitting $81.63. 7,281,400 shares of the stock were exchanged, compared to its average volume of 4,269,880. The stock’s fifty day simple moving average is $81.38 and its two-hundred day simple moving average is $82.08. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20. The stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.
iShares 1-3 Year Treasury Bond ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a $0.2544 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $3.05 dividend on an annualized basis and a dividend yield of 3.7%.
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.
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