StrongBox Wealth LLC Has $10.67 Million Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

StrongBox Wealth LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 130,141 shares of the company’s stock after buying an additional 11,159 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 4.5% of StrongBox Wealth LLC’s investment portfolio, making the stock its 2nd biggest holding. StrongBox Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $10,669,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $37,000. Global Trust Asset Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $68,000. Creative Financial Designs Inc. ADV raised its stake in iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after acquiring an additional 167 shares during the period. Eagle Bay Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $76,000. Finally, Bristlecone Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $78,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.05 on Thursday. The company’s 50-day moving average is $82.01 and its 200-day moving average is $82.32. The firm has a market capitalization of $22.79 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.