Trevian Wealth Management LLC Purchases New Position in iShares 1-3 Year Treasury Bond ETF $SHY

Trevian Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,046 shares of the company’s stock, valued at approximately $915,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 0.4% of Trevian Wealth Management LLC’s holdings, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TruWealth Advisors LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 4.5% during the fourth quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $234,000 after purchasing an additional 121 shares during the period. Bryn Mawr Trust Advisors LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 2.3% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock valued at $467,000 after purchasing an additional 126 shares during the period. Aspire Growth Partners LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 1.0% during the third quarter. Aspire Growth Partners LLC now owns 13,284 shares of the company’s stock valued at $1,102,000 after purchasing an additional 127 shares during the period. Onyx Bridge Wealth Group LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 2.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 5,268 shares of the company’s stock valued at $437,000 after purchasing an additional 128 shares during the period. Finally, Belpointe Asset Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 0.8% during the third quarter. Belpointe Asset Management LLC now owns 17,415 shares of the company’s stock valued at $1,445,000 after purchasing an additional 131 shares during the period. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $82.16 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $82.10 and a 1 year high of $83.20. The stock’s 50 day simple moving average is $82.45 and its two-hundred day simple moving average is $82.73. The company has a market cap of $25.16 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.2428 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%.

iShares 1-3 Year Treasury Bond ETF 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.