Cadence Wealth Management LLC Makes New Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Cadence Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 66,584 shares of the company’s stock, valued at approximately $5,524,000. iShares 1-3 Year Treasury Bond ETF accounts for approximately 2.9% of Cadence Wealth Management LLC’s portfolio, making the stock its 9th biggest holding.

Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $25,000. Key Financial Inc grew its stake in iShares 1-3 Year Treasury Bond ETF by 158.1% during the third quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after buying an additional 196 shares in the last quarter. Pflug Koory LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 637.8% during the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after buying an additional 287 shares in the last quarter. Delos Wealth Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $29,000. Finally, Howe & Rusling Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 36,100.0% in the 2nd quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock valued at $30,000 after buying an additional 361 shares in the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

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

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $83.06 on Friday. The company has a market cap of $24.28 billion, a PE ratio of 3,747.73 and a beta of 0.05. The company has a 50 day moving average of $82.84 and a 200-day moving average of $82.86. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $82.03 and a 1-year high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.25 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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.