Wellspring Financial Advisors LLC Has $11.82 Million Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Wellspring Financial Advisors LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 578.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,749 shares of the company’s stock after acquiring an additional 121,714 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up approximately 0.2% of Wellspring Financial Advisors LLC’s holdings, making the stock its 28th largest holding. Wellspring Financial Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $11,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. GWN Securities Inc. boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 14.9% in the 4th quarter. GWN Securities Inc. now owns 24,720 shares of the company’s stock worth $2,047,000 after acquiring an additional 3,201 shares in the last quarter. GFS Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $335,000. Portfolio Design Labs LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.8% in the 4th quarter. Portfolio Design Labs LLC now owns 147,568 shares of the company’s stock worth $12,222,000 after acquiring an additional 1,204 shares in the last quarter. TIAA Trust National Association boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 10.8% in the 4th quarter. TIAA Trust National Association now owns 112,010 shares of the company’s stock worth $9,277,000 after acquiring an additional 10,938 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.5% in the 4th quarter. Cerity Partners LLC now owns 2,657,363 shares of the company’s stock worth $220,083,000 after acquiring an additional 40,213 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 Price Performance

Shares of SHY opened at $81.94 on Thursday. The company has a market capitalization of $25.09 billion, a P/E 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 50 day simple moving average is $82.28 and its 200-day simple moving average is $82.62.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.2429 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 3.6%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

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.