Finer Wealth Management Inc. Makes New $1.69 Million Investment in iShares 1-3 Year Treasury Bond ETF $SHY

Finer Wealth Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,341 shares of the company’s stock, valued at approximately $1,685,000.

Several other hedge funds have also recently bought and sold shares of the stock. TruWealth Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 4.5% during the fourth quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock worth $234,000 after acquiring an additional 121 shares during the last quarter. Aspire Growth Partners LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.0% during the third quarter. Aspire Growth Partners LLC now owns 13,284 shares of the company’s stock worth $1,102,000 after acquiring an additional 127 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 2.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 5,268 shares of the company’s stock worth $437,000 after acquiring an additional 128 shares during the last quarter. Belpointe Asset Management LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 0.8% during the third quarter. Belpointe Asset Management LLC now owns 17,415 shares of the company’s stock worth $1,445,000 after acquiring an additional 131 shares during the last quarter. Finally, ESL Trust Services LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 6.5% during the third quarter. ESL Trust Services LLC now owns 2,194 shares of the company’s stock worth $182,000 after acquiring an additional 133 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of SHY stock opened at $82.34 on Wednesday. The firm has a 50 day moving average price of $82.72 and a two-hundred day moving average price of $82.83. The company has a market capitalization of $25.05 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $82.21 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a $0.2469 dividend. The ex-dividend date was Wednesday, April 1st. 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%.

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.