Maridea Wealth Management LLC Increases Position in iShares 1-3 Year Treasury Bond ETF $SHY

Maridea Wealth Management LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 165.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,026 shares of the company’s stock after purchasing an additional 8,742 shares during the period. Maridea Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,158,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SHY. Laurel Oak Wealth Management LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.3% during the 1st quarter. Laurel Oak Wealth Management LLC now owns 27,087 shares of the company’s stock worth $2,237,000 after acquiring an additional 2,075 shares in the last quarter. Sugar Maple Asset Management LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 0.8% in the 1st quarter. Sugar Maple Asset Management LLC now owns 78,918 shares of the company’s stock valued at $6,516,000 after purchasing an additional 592 shares in the last quarter. Sequent Planning LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 2.5% in the 1st quarter. Sequent Planning LLC now owns 31,070 shares of the company’s stock valued at $2,565,000 after purchasing an additional 749 shares in the last quarter. Independent Wealth Network Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1.6% during the first quarter. Independent Wealth Network Inc. now owns 15,797 shares of the company’s stock worth $1,304,000 after purchasing an additional 251 shares during the last quarter. Finally, Parkway Wealth Management Group LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 6.3% during the first quarter. Parkway Wealth Management Group LLC now owns 146,740 shares of the company’s stock worth $12,097,000 after purchasing an additional 8,709 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $82.19 on Friday. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.86 and a one year high of $83.20. The business’s fifty day moving average is $82.19 and its two-hundred day moving average is $82.55.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.2429 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.5%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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.