Westfuller Advisors LLC Makes New $494,000 Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Westfuller Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, HoldingsChannel reports. The institutional investor bought 5,936 shares of the company’s stock, valued at approximately $494,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sugar Maple Asset Management LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 25.4% in the 3rd quarter. Sugar Maple Asset Management LLC now owns 75,277 shares of the company’s stock worth $6,259,000 after purchasing an additional 15,235 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $44,917,000. Koa Wealth Management LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.1% in the third quarter. Koa Wealth Management LLC now owns 58,405 shares of the company’s stock worth $4,856,000 after acquiring an additional 2,844 shares during the period. Empowered Funds LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 111.3% in the third quarter. Empowered Funds LLC now owns 33,277 shares of the company’s stock worth $2,757,000 after acquiring an additional 17,525 shares during the period. Finally, Birchcreek Wealth Management LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 25.5% in the third quarter. Birchcreek Wealth Management LLC now owns 167,182 shares of the company’s stock worth $13,901,000 after acquiring an additional 33,982 shares during the period. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.02 on Friday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The firm has a market capitalization of $22.15 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The business has a fifty day moving average of $82.61 and a 200 day moving average of $82.14.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

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.