Ruggiero Investments Inc. Invests $1.34 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Ruggiero Investments Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,226 shares of the company’s stock, valued at approximately $1,344,000. iShares 1-3 Year Treasury Bond ETF makes up 1.2% of Ruggiero Investments Inc.’s holdings, making the stock its 22nd largest position.

Several other hedge funds also recently modified their holdings of SHY. Quent Long Short Global Small Cap Fund LP acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $53,414,000. Cadence Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $5,524,000. Fifth Third Bancorp increased its stake in iShares 1-3 Year Treasury Bond ETF by 2.1% in the 3rd quarter. Fifth Third Bancorp now owns 316,415 shares of the company’s stock valued at $26,250,000 after buying an additional 6,453 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in iShares 1-3 Year Treasury Bond ETF by 118.9% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 84,768 shares of the company’s stock valued at $7,023,000 after buying an additional 46,040 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 15.8% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 85,119 shares of the company’s stock valued at $7,052,000 after buying an additional 11,593 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2%

Shares of SHY stock opened at $82.09 on Friday. The firm has a market capitalization of $25.14 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm’s fifty day moving average price is $82.27 and its two-hundred day moving average price is $82.62. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.86 and a 1 year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.2429 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.