Alpha Cubed Investments LLC Buys New Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Alpha Cubed Investments LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,995 shares of the company’s stock, valued at approximately $579,000.

Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 3.1% in the first quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock valued at $965,000 after acquiring an additional 351 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 176.5% in the first quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock valued at $85,000 after acquiring an additional 653 shares during the last quarter. Investment Advisory Group LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 5.3% in the first quarter. Investment Advisory Group LLC now owns 34,147 shares of the company’s stock valued at $2,825,000 after acquiring an additional 1,723 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 51.6% in the fourth quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock valued at $8,840,000 after buying an additional 36,585 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $719,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.39 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.59 and a 52-week high of $83.30. The business’s 50 day moving average price is $82.50 and its two-hundred day moving average price is $82.37. The firm has a market cap of $23.71 billion, a PE ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st were paid a $0.2641 dividend. This represents a $3.17 annualized dividend and a yield of 3.85%. The ex-dividend date was Tuesday, July 1st.

iShares 1-3 Year Treasury Bond ETF 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.