Lyell Wealth Management LP Invests $284,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Lyell Wealth Management LP acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,460 shares of the company’s stock, valued at approximately $284,000.

Other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $45,000. Impact Partnership Wealth LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 114.4% in the third quarter. Impact Partnership Wealth LLC now owns 641 shares of the company’s stock valued at $52,000 after buying an additional 342 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $55,000. Financial Gravity Asset Management Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 771.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock valued at $57,000 after purchasing an additional 625 shares in the last quarter. Finally, Halpern Financial Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $62,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY traded down $0.06 during trading on Thursday, hitting $81.19. 2,812,722 shares of the stock traded hands, compared to its average volume of 4,537,393. The business has a 50 day moving average price of $81.53 and a 200 day moving average price of $81.56. The company has a market cap of $24.57 billion, a price-to-earnings ratio of 3,690.68 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.55 and a twelve month high of $82.60.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2705 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.25 annualized dividend and a dividend yield of 4.00%.

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.