Alterna Wealth Management Inc. Has $7.04 Million Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Alterna Wealth Management Inc. trimmed its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 13.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 84,821 shares of the company’s stock after selling 12,910 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 5.8% of Alterna Wealth Management Inc.’s holdings, making the stock its 3rd biggest holding. Alterna Wealth Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,037,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Founders Grove Wealth Partners LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 83.9% in the third quarter. Founders Grove Wealth Partners LLC now owns 19,753 shares of the company’s stock valued at $1,639,000 after acquiring an additional 9,010 shares in the last quarter. 180 Wealth Advisors LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 17.5% during the 3rd quarter. 180 Wealth Advisors LLC now owns 6,382 shares of the company’s stock valued at $529,000 after purchasing an additional 950 shares during the last quarter. Mezzasalma Advisors LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.3% during the third quarter. Mezzasalma Advisors LLC now owns 7,754 shares of the company’s stock valued at $643,000 after acquiring an additional 322 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.7% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 697,304 shares of the company’s stock worth $57,848,000 after purchasing an additional 11,773 shares in the last quarter. Finally, MBL Wealth LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 5.7% in the 3rd quarter. MBL Wealth LLC now owns 187,878 shares of the company’s stock worth $15,586,000 after buying an additional 10,146 shares in the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

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

SHY opened at $82.79 on Friday. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The firm has a 50 day moving average price of $82.89 and a 200-day moving average price of $82.78. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.81 and a twelve month high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a dividend of $0.2548 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, December 19th.

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.