Seed Wealth Management Inc. Makes New $260,000 Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Seed Wealth Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,170 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors have also recently modified their holdings of the company. Logan Capital Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $37,000. Global Trust Asset Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $68,000. Creative Financial Designs Inc. ADV raised its position in iShares 1-3 Year Treasury Bond ETF by 23.3% during the third 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 in the last quarter. Eagle Bay Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $76,000. Finally, Bristlecone Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $78,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $81.85 on Tuesday. The stock has a market capitalization of $22.74 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The firm’s 50 day simple moving average is $82.01 and its 200-day simple moving average is $82.32. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 annualized dividend and a yield of 4.11%.

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.