CVS HEALTH Corp Purchases New Shares in iShares 1-3 Year Treasury Bond ETF $SHY

CVS HEALTH Corp purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 233,100 shares of the company’s stock, valued at approximately $19,247,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 9.1% of CVS HEALTH Corp’s portfolio, making the stock its 3rd biggest position.

A number of other hedge funds have also bought and sold shares of SHY. Bryn Mawr Trust Advisors LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.3% in the 4th 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. Savant Capital LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after purchasing an additional 126 shares in the last quarter. Tower View Wealth Management LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11.4% during the first quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock worth $106,000 after purchasing an additional 132 shares during the period. Cahaba Wealth Management Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.5% during the first quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock worth $2,072,000 after purchasing an additional 133 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 11,275 shares of the company’s stock valued at $934,000 after buying an additional 138 shares in the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

NASDAQ SHY opened at $81.96 on Tuesday. The company has a market cap of $25.60 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company has a 50 day moving average of $82.03 and a 200-day moving average of $82.45. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.79 and a 1-year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2383 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, July 1st.

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.