PMG Wealth Management Inc. Takes Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

PMG Wealth Management Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,132 shares of the company’s stock, valued at approximately $2,306,000. iShares 1-3 Year Treasury Bond ETF accounts for about 2.1% of PMG Wealth Management Inc.’s portfolio, making the stock its 18th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after acquiring an additional 3,563,486 shares in the last quarter. LPL Financial LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 21.8% in the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after purchasing an additional 1,193,337 shares during the period. Barclays PLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 68.7% in the 3rd quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock valued at $229,417,000 after purchasing an additional 1,123,670 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in iShares 1-3 Year Treasury Bond ETF by 179.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after purchasing an additional 546,239 shares during the period. Finally, Mizuho Markets Americas LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $44,917,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.24 on Friday. The stock’s 50 day moving average price is $82.00 and its 200 day moving average price is $82.35. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The company has a market cap of $23.18 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2735 per share. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date was Monday, February 3rd.

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.