GEN Financial Management INC. Makes New $1.19 Million Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

GEN Financial Management INC. bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,569 shares of the company’s stock, valued at approximately $1,194,000. iShares 1-3 Year Treasury Bond ETF makes up 0.8% of GEN Financial Management INC.’s portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sterling Manor Financial LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11.9% in the fourth quarter. Sterling Manor Financial LLC now owns 69,224 shares of the company’s stock valued at $5,675,000 after purchasing an additional 7,384 shares in the last quarter. MilWealth Group LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $97,000. Alterna Wealth Management Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 62.3% in the fourth quarter. Alterna Wealth Management Inc. now owns 89,498 shares of the company’s stock valued at $7,337,000 after acquiring an additional 34,354 shares during the last quarter. Golden State Equity Partners lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 54.3% in the 4th quarter. Golden State Equity Partners now owns 44,104 shares of the company’s stock valued at $3,616,000 after purchasing an additional 15,512 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 90.7% during the fourth quarter. DAVENPORT & Co LLC now owns 170,248 shares of the company’s stock worth $13,957,000 after purchasing an additional 80,977 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $81.96 on Tuesday. The firm has a 50 day moving average price of $82.04 and a 200 day moving average price of $82.36. The stock has a market cap of $23.12 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2735 per share. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend is Monday, February 3rd.

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.