Aries Wealth Management Raises Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Aries Wealth Management increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 11.0% in the 4th quarter, HoldingsChannel reports. The fund owned 26,095 shares of the company’s stock after buying an additional 2,592 shares during the quarter. Aries Wealth Management’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $30,000. Van ECK Associates Corp lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after buying an additional 187 shares in the last quarter. Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth $37,000. AlphaMark Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $63,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $64,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $81.99 on Friday. The firm’s fifty day moving average is $82.02 and its two-hundred day moving average is $82.36. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The company has a market cap of $23.10 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.2735 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date was Monday, February 3rd.

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.