Montag A & Associates Inc. Has $16.50 Million Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Montag A & Associates Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,863 shares of the company’s stock after purchasing an additional 19,708 shares during the period. Montag A & Associates Inc. owned about 0.06% of iShares 1-3 Year Treasury Bond ETF worth $16,503,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Alliance Wealth Management Group grew its position in iShares 1-3 Year Treasury Bond ETF by 8.0% during the 1st quarter. Alliance Wealth Management Group now owns 9,135 shares of the company’s stock worth $754,000 after acquiring an additional 678 shares during the last quarter. United Asset Strategies Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 1.7% in the 1st quarter. United Asset Strategies Inc. now owns 27,626 shares of the company’s stock worth $2,281,000 after purchasing an additional 452 shares in the last quarter. Clare Market Investments LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at about $908,000. Signet Private Wealth LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter valued at about $1,313,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $81.86 on Wednesday. The business has a 50 day moving average of $82.11 and a 200-day moving average of $82.51. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.83 and a 1 year high of $83.20. The company has a market capitalization of $25.34 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued 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 of this dividend was Wednesday, July 1st.

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.