Berkshire Money Management Inc. Makes New $43,000 Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Berkshire Money Management Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 520 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds have also recently made changes to their positions in the stock. CPR Investments Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 5.2% in the second quarter. CPR Investments Inc. now owns 47,875 shares of the company’s stock worth $3,967,000 after purchasing an additional 2,345 shares during the last quarter. Valpey Financial Services LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $960,000. Merit Financial Group LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 645.1% in the 2nd quarter. Merit Financial Group LLC now owns 68,848 shares of the company’s stock worth $5,705,000 after buying an additional 59,608 shares during the last quarter. Beacon Financial Advisory LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 85.3% in the second quarter. Beacon Financial Advisory LLC now owns 6,153 shares of the company’s stock worth $510,000 after acquiring an additional 2,832 shares during the period. Finally, Mascoma Wealth Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 2.1% during the second quarter. Mascoma Wealth Management LLC now owns 23,772 shares of the company’s stock valued at $1,970,000 after acquiring an additional 500 shares during the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.79 on Monday. The company has a market cap of $23.97 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. The business’s 50-day moving average is $82.80 and its two-hundred day moving average is $82.63. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.67 and a fifty-two week high of $83.12.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 6th. Investors of record on Wednesday, October 1st will be issued a $0.2563 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

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.