iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Stake Raised by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 350,498 shares of the company’s stock after purchasing an additional 11,596 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises 20.6% of Whalen Wealth Management Inc.’s portfolio, making the stock its biggest position. Whalen Wealth Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $29,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SHY. WestEnd Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $30,000. Financial Connections Group Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at $31,000. Rational Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $67,000. Global Trust Asset Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $68,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% in the third 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 period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $82.08 on Tuesday. The stock has a 50 day simple moving average of $82.60 and a 200-day simple moving average of $82.15. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.