Cogent Private Wealth Inc. Makes New $1.10 Million Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Cogent Private Wealth Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, HoldingsChannel reports. The firm purchased 13,246 shares of the company’s stock, valued at approximately $1,097,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in iShares 1-3 Year Treasury Bond ETF by 58.5% during the 3rd quarter. Captrust Financial Advisors now owns 17,024,325 shares of the company’s stock worth $1,412,338,000 after purchasing an additional 6,281,496 shares during the last quarter. Bank of America Corp DE raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 11,740,171 shares of the company’s stock worth $973,965,000 after purchasing an additional 133,178 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 387.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,292,811 shares of the company’s stock worth $438,351,000 after purchasing an additional 4,206,546 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 5.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,682,094 shares of the company’s stock worth $388,325,000 after purchasing an additional 257,934 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 2.5% during the 3rd quarter. Raymond James Financial Inc. now owns 4,299,580 shares of the company’s stock worth $356,693,000 after purchasing an additional 103,291 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.4%

NASDAQ:SHY opened at $82.01 on Tuesday. The company has a fifty day moving average of $82.33 and a 200-day moving average of $82.67. The firm has a market capitalization of $25.11 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.94 and a twelve month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, June 1st will be paid a $0.2429 dividend. The ex-dividend date is Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.6%. This is an increase 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.