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

Transform Wealth LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 43,290 shares of the company’s stock, valued at approximately $3,549,000.

Several other large investors have also made changes to their positions in SHY. School Employees Retirement Board of Ohio acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $10,123,000. Eagle Asset Management Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,938 shares during the period. Alternative Investment Advisors LLC. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at approximately $350,000. Park Avenue Securities LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 30.4% in the 3rd quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock valued at $7,261,000 after purchasing an additional 20,384 shares during the period. Finally, Bridge Advisory LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 19.2% during the third quarter. Bridge Advisory LLC now owns 10,998 shares of the company’s stock worth $914,000 after buying an additional 1,774 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.08 on Tuesday. The firm’s fifty day moving average is $82.01 and its 200 day moving average is $82.34. The firm has a market cap of $22.74 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.2804 dividend. The ex-dividend date of this dividend 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 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.