Acorn Wealth Advisors LLC Raises Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Acorn Wealth Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,779 shares of the company’s stock after purchasing an additional 152 shares during the period. Acorn Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHY. SVB Wealth LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 114.1% during the first quarter. SVB Wealth LLC now owns 15,104 shares of the company’s stock valued at $1,235,000 after buying an additional 8,049 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 29.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 31,764 shares of the company’s stock valued at $2,572,000 after acquiring an additional 7,268 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $4,843,000. William Howard & Co Financial Advisors Inc acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter worth about $1,649,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at approximately $110,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1 %

Shares of NASDAQ:SHY traded up $0.11 on Monday, hitting $82.12. 122,488 shares of the company were exchanged, compared to its average volume of 4,005,917. The stock’s 50 day moving average price is $82.51 and its 200 day moving average price is $82.18. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The firm has a market capitalization of $22.18 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.2831 per share. This represents a $3.40 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.