iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Purchased by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 62.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,498 shares of the company’s stock after purchasing an additional 34,354 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 6.2% of Alterna Wealth Management Inc.’s investment portfolio, making the stock its 2nd largest position. Alterna Wealth Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Equity Partners raised its position in iShares 1-3 Year Treasury Bond ETF by 54.3% in the fourth quarter. Golden State Equity Partners now owns 44,104 shares of the company’s stock worth $3,616,000 after purchasing an additional 15,512 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 90.7% in the 4th quarter. DAVENPORT & Co LLC now owns 170,248 shares of the company’s stock valued at $13,957,000 after purchasing an additional 80,977 shares during the period. SeaBridge Investment Advisors LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1,074.5% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 28,916 shares of the company’s stock worth $2,371,000 after buying an additional 26,454 shares in the last quarter. TriaGen Wealth Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.3% during the 4th quarter. TriaGen Wealth Management LLC now owns 17,476 shares of the company’s stock worth $1,433,000 after buying an additional 551 shares during the period. Finally, New Wave Wealth Advisors LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 316.9% in the 4th quarter. New Wave Wealth Advisors LLC now owns 17,470 shares of the company’s stock valued at $1,432,000 after buying an additional 13,280 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.29 on Monday. The firm has a market capitalization of $23.21 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The stock has a fifty day moving average price of $82.04 and a two-hundred day moving average price of $82.36. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.2804 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.