Waterloo Capital L.P. Acquires Shares of 13,419 iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Waterloo Capital L.P. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,419 shares of the company’s stock, valued at approximately $1,100,000.

Several other hedge funds also recently made changes to their positions in SHY. Golden State Wealth Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $30,000. Van ECK Associates Corp lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after acquiring an additional 187 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $32,000. Roxbury Financial LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $36,000. Finally, Logan Capital Management Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $37,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1 %

Shares of SHY stock opened at $82.68 on Monday. The business has a fifty day simple moving average of $82.33 and a 200 day simple moving average of $82.28. The company has a market cap of $22.99 billion, a P/E ratio of 3,758.18 and a beta of 0.04. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.2798 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Tuesday, April 1st.

About iShares 1-3 Year Treasury Bond ETF

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.