Birchcreek Wealth Management LLC Has $23.56 Million Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Birchcreek Wealth Management LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,443 shares of the company’s stock after acquiring an additional 43,205 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 11.6% of Birchcreek Wealth Management LLC’s investment portfolio, making the stock its largest holding. Birchcreek Wealth Management LLC owned 0.10% of iShares 1-3 Year Treasury Bond ETF worth $23,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SHY. Tower Wealth Partners Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 16.2% in the 4th quarter. Tower Wealth Partners Inc. now owns 21,921 shares of the company’s stock worth $1,815,000 after acquiring an additional 3,055 shares in the last quarter. Omnia Family Wealth LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 10.5% during the fourth quarter. Omnia Family Wealth LLC now owns 5,352 shares of the company’s stock valued at $443,000 after purchasing an additional 508 shares in the last quarter. SigFig Wealth Management LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.7% during the fourth quarter. SigFig Wealth Management LLC now owns 55,966 shares of the company’s stock worth $4,634,000 after purchasing an additional 1,462 shares during the last quarter. BayBridge Capital Group LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 3.3% during the fourth quarter. BayBridge Capital Group LLC now owns 88,665 shares of the company’s stock worth $7,343,000 after purchasing an additional 2,836 shares during the last quarter. Finally, Blue Trust Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 163.5% in the 4th quarter. Blue Trust Inc. now owns 6,705 shares of the company’s stock worth $555,000 after purchasing an additional 4,160 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.36 on Friday. The firm has a market cap of $24.70 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $82.21 and a 52 week high of $83.20. The firm has a 50-day moving average price of $82.75 and a two-hundred day moving average price of $82.84.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st will be issued a $0.2469 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, April 1st.

iShares 1-3 Year Treasury Bond ETF 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.