SFG Wealth Management LLC. Acquires New Shares in iShares 1-3 Year Treasury Bond ETF $SHY

SFG Wealth Management LLC. acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,880 shares of the company’s stock, valued at approximately $2,144,000. iShares 1-3 Year Treasury Bond ETF accounts for about 1.3% of SFG Wealth Management LLC.’s portfolio, making the stock its 16th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 3.1% during the first quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock valued at $965,000 after buying an additional 351 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 176.5% in the 1st quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock valued at $85,000 after acquiring an additional 653 shares during the period. Alamar Capital Management LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 182.1% in the 1st quarter. Alamar Capital Management LLC now owns 62,833 shares of the company’s stock worth $5,198,000 after acquiring an additional 40,561 shares in the last quarter. Irenic Capital Management LP lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 400.0% during the 1st quarter. Irenic Capital Management LP now owns 30,000 shares of the company’s stock worth $2,482,000 after purchasing an additional 24,000 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.9% during the 1st quarter. IFP Advisors Inc now owns 12,807 shares of the company’s stock worth $1,059,000 after purchasing an additional 716 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $83.03 on Wednesday. The firm has a market capitalization of $24.00 billion, a PE ratio of 3,747.73 and a beta of 0.01. The business’s 50-day moving average is $82.84 and its two-hundred day moving average is $82.65. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.67 and a 1 year high of $83.12.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a dividend of $0.2563 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, October 1st.

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.