Cadence Wealth Management LLC Takes Position in iShares 1-3 Year Treasury Bond ETF $SHY

Cadence Wealth Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 66,584 shares of the company’s stock, valued at approximately $5,524,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 2.9% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the business. Hantz Financial Services Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $25,000. Key Financial Inc increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 158.1% in the third quarter. Key Financial Inc now owns 320 shares of the company’s stock valued at $26,000 after acquiring an additional 196 shares during the last quarter. Pflug Koory LLC raised its holdings in 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 worth $28,000 after acquiring an additional 287 shares in the last quarter. Delos Wealth Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $29,000. Finally, Howe & Rusling Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 36,100.0% in the second quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock valued at $30,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2%

NASDAQ:SHY opened at $83.06 on Friday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $82.03 and a twelve month high of $83.14. The firm has a market capitalization of $24.28 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 $82.84 and its two-hundred day moving average price is $82.86.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.25 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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.