Palumbo Wealth Management LLC Decreases Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Palumbo Wealth Management LLC trimmed its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 93.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,590 shares of the company’s stock after selling 114,656 shares during the period. Palumbo Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $629,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Key Financial Inc increased its stake in iShares 1-3 Year Treasury Bond ETF by 158.1% in the 3rd quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after purchasing an additional 196 shares during the period. Pflug Koory LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 637.8% in the 3rd quarter. Pflug Koory LLC now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 287 shares during the period. Delos Wealth Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $29,000. Holos Integrated Wealth LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $29,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.34 on Wednesday. The business’s 50 day simple moving average is $82.72 and its two-hundred day simple moving average is $82.83. The stock has a market capitalization of $25.05 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 $82.21 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were paid a $0.2469 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.