iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) is Koa Wealth Management LLC’s 6th Largest Position

Koa Wealth Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,405 shares of the company’s stock after purchasing an additional 2,844 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for 3.8% of Koa Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Koa Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,856,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at approximately $1,646,000. Patten & Patten Inc. TN bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter valued at $2,671,000. Edgestream Partners L.P. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 3.3% during the first quarter. Edgestream Partners L.P. now owns 10,538 shares of the company’s stock valued at $862,000 after acquiring an additional 337 shares in the last quarter. ESL Trust Services LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $77,000. Finally, Spreng Capital Management Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.6% in the 1st quarter. Spreng Capital Management Inc. now owns 29,281 shares of the company’s stock worth $2,395,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.02 on Friday. The firm has a market cap of $22.15 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The firm has a 50-day simple moving average of $82.61 and a two-hundred day simple moving average of $82.13.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.2831 per share. The ex-dividend date was Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.