Cornerstone Wealth Group LLC Has $314,000 Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Cornerstone Wealth Group LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 3,834 shares of the company’s stock after purchasing an additional 271 shares during the period. Cornerstone Wealth Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $314,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after buying an additional 3,563,486 shares during the last quarter. LPL Financial LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 21.8% during the 3rd quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after acquiring an additional 1,193,337 shares during the last quarter. Bank of Montreal Can increased its position in iShares 1-3 Year Treasury Bond ETF by 0.8% in the 3rd quarter. Bank of Montreal Can now owns 5,135,345 shares of the company’s stock valued at $427,620,000 after acquiring an additional 41,969 shares in the last quarter. Barclays PLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 68.7% during the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after purchasing an additional 1,123,670 shares in the last quarter. Finally, Stephens Inc. AR grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% during the third quarter. Stephens Inc. AR now owns 1,337,659 shares of the company’s stock valued at $111,226,000 after purchasing an additional 8,531 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.26 on Tuesday. The firm has a 50 day simple moving average of $82.02 and a 200 day simple moving average of $82.35. 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. The firm has a market cap of $23.06 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.2804 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.09%.

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.