Meridian Wealth Management LLC Purchases 17,716 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Meridian Wealth Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 68.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,629 shares of the company’s stock after purchasing an additional 17,716 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,577,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SHY. Kelly Financial Group LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $2,043,000. Alesco Advisors LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.2% during the 4th quarter. Alesco Advisors LLC now owns 8,370 shares of the company’s stock worth $686,000 after buying an additional 260 shares during the period. Durante & Waters LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 7.2% during the 4th quarter. Durante & Waters LLC now owns 87,152 shares of the company’s stock worth $7,145,000 after buying an additional 5,863 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $703,000. Finally, Jones Financial Companies Lllp lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 72.3% during the 4th quarter. Jones Financial Companies Lllp now owns 74,915 shares of the company’s stock valued at $6,142,000 after acquiring an additional 31,439 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.2 %

NASDAQ:SHY opened at $82.42 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The stock has a market capitalization of $23.02 billion, a price-to-earnings ratio of 3,755.45 and a beta of 0.03. The firm has a fifty day simple moving average of $82.08 and a two-hundred day simple moving average of $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a $0.2531 dividend. The ex-dividend date is Monday, March 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.