Rooted Wealth Advisors Inc. Boosts Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Rooted Wealth Advisors Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,109 shares of the company’s stock after purchasing an additional 1,638 shares during the quarter. Rooted Wealth Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,566,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth $828,000. Aries Wealth Management grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 11.0% during the fourth quarter. Aries Wealth Management now owns 26,095 shares of the company’s stock valued at $2,139,000 after buying an additional 2,592 shares during the last quarter. Morris Financial Concepts Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.8% during the fourth quarter. Morris Financial Concepts Inc. now owns 96,653 shares of the company’s stock valued at $7,924,000 after buying an additional 7,799 shares during the last quarter. TFC Financial Management Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 4.8% in the fourth quarter. TFC Financial Management Inc. now owns 861,377 shares of the company’s stock worth $70,616,000 after buying an additional 39,456 shares during the period. Finally, Stanley Laman Group Ltd. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 26.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 4,252 shares of the company’s stock valued at $349,000 after acquiring an additional 891 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $81.99 on Friday. The stock’s 50 day simple moving average is $82.02 and its 200 day simple moving average is $82.36. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.2735 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was 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.