Koa Wealth Management LLC Purchases 882 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Koa Wealth Management LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,287 shares of the company’s stock after purchasing an additional 882 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up 4.0% of Koa Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Koa Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHY. SPC Financial Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% during the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock worth $522,000 after buying an additional 140 shares in the last quarter. Center For Asset Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 5.8% during the 4th quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock valued at $216,000 after acquiring an additional 145 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 2.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock worth $582,000 after acquiring an additional 147 shares in the last quarter. Acorn Wealth Advisors LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock worth $1,728,000 after purchasing an additional 152 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock valued at $2,199,000 after purchasing an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.28 on Friday. The stock has a market capitalization of $23.17 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 one year low of $80.91 and a one year high of $83.30. The company’s 50-day simple moving average is $82.03 and its 200-day simple moving average is $82.35.

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 $0.2804 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 annualized dividend 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.