Innova Wealth Partners Takes Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Innova Wealth Partners bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 258,152 shares of the company’s stock, valued at approximately $21,163,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 13.3% of Innova Wealth Partners’ investment portfolio, making the stock its largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 13.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock worth $4,490,000 after purchasing an additional 6,493 shares in the last quarter. School Employees Retirement Board of Ohio bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $10,123,000. Eagle Asset Management Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock valued at $1,097,000 after buying an additional 1,938 shares during the period. TPG Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $295,000. Finally, Alternative Investment Advisors LLC. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $350,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.93 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The stock’s 50 day simple moving average is $82.04 and its two-hundred day simple moving average is $82.31. The stock has a market cap of $22.63 billion, a price-to-earnings 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. Investors 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 annualized dividend and a dividend yield of 4.11%.

About iShares 1-3 Year Treasury Bond ETF

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.