Rialto Wealth Management LLC Takes $75,000 Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Rialto Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 914 shares of the company’s stock, valued at approximately $75,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHY. CWA Asset Management Group LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $12,343,000. Tompkins Financial Corp boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 22.8% in the third quarter. Tompkins Financial Corp now owns 82,169 shares of the company’s stock valued at $6,832,000 after acquiring an additional 15,251 shares in the last quarter. Objective Capital Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $1,303,000. Proficio Capital Partners LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 46.9% during the third quarter. Proficio Capital Partners LLC now owns 70,943 shares of the company’s stock worth $5,899,000 after acquiring an additional 22,645 shares during the period. Finally, ESL Trust Services LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 40.4% in the 3rd quarter. ESL Trust Services LLC now owns 2,014 shares of the company’s stock worth $167,000 after purchasing an additional 580 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.38 on Friday. 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 has a market capitalization of $23.21 billion, a PE ratio of 3,755.45 and a beta of 0.01. The stock has a fifty day moving average of $82.12 and a 200-day moving average of $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2531 per share. The ex-dividend date was 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.