Ruggiero Investments Inc. Acquires Shares of 16,226 iShares 1-3 Year Treasury Bond ETF $SHY

Ruggiero Investments Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 16,226 shares of the company’s stock, valued at approximately $1,344,000. iShares 1-3 Year Treasury Bond ETF comprises 1.2% of Ruggiero Investments Inc.’s holdings, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. TruWealth Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 4.5% during the 4th quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $234,000 after acquiring an additional 121 shares during the period. Bryn Mawr Trust Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock valued at $467,000 after acquiring an additional 126 shares during the period. Savant Capital LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock valued at $737,000 after acquiring an additional 126 shares during the period. Onyx Bridge Wealth Group LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 2.5% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 5,268 shares of the company’s stock valued at $437,000 after acquiring an additional 128 shares during the period. Finally, Clientfirst Wealth Management LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.2% during the 3rd quarter. Clientfirst Wealth Management LLC now owns 11,689 shares of the company’s stock valued at $970,000 after acquiring an additional 133 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $82.09 on Friday. The stock has a market capitalization of $25.14 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The company’s 50-day simple moving average is $82.27 and its two-hundred day simple moving average is $82.62. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.86 and a 52-week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.2429 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 3.6%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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.