Alterna Wealth Management Inc. Acquires 34,354 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Posted by Teresa Graham on Feb 3rd, 2025

Alterna Wealth Management Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 62.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 89,498 shares of the company’s stock after purchasing an additional 34,354 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for about 6.2% of Alterna Wealth Management Inc.’s 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Logan Capital Management Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $37,000. AlphaMark Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $63,000. Global Trust Asset Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $68,000. Creative Financial Designs Inc. ADV raised its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $76,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.29 on Monday. The stock has a market cap of $23.21 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The company has a 50 day moving average of $82.04 and a 200-day moving average of $82.36. 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 announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Wednesday, December 18th.

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.