Transform Wealth LLC Invests $3.55 Million in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Transform Wealth LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 43,290 shares of the company’s stock, valued at approximately $3,549,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Logan Capital Management Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $37,000. Global Trust Asset Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $68,000. Creative Financial Designs Inc. ADV raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $76,000. Finally, Bristlecone Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $78,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0 %

NASDAQ SHY opened at $82.08 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30. The company has a fifty day simple moving average of $82.01 and a two-hundred day simple moving average of $82.34. The stock has a market cap of $22.74 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.2804 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a yield of 4.10%.

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.