Elevate Capital Advisors LLC Makes New Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Elevate Capital Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 62,390 shares of the company’s stock, valued at approximately $5,167,000. iShares 1-3 Year Treasury Bond ETF comprises about 3.4% of Elevate Capital Advisors LLC’s portfolio, making the stock its 4th biggest position.

A number of other hedge funds have also recently modified their holdings of SHY. Key Financial Inc grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% during the third quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after buying an additional 196 shares during the last quarter. Pflug Koory LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 637.8% during the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 287 shares during the last quarter. Delos Wealth Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $29,000. Holos Integrated Wealth LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $29,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $29,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $82.41 on Friday. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock’s 50 day moving average price is $82.69 and its 200-day moving average price is $82.82. iShares 1-3 Year Treasury Bond ETF has a one year low of $82.21 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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