Confluence Wealth Services Inc. Invests $816,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Confluence Wealth Services Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,981 shares of the company’s stock, valued at approximately $816,000.

A number of other large investors also recently modified their holdings of SHY. Barrett & Company Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Barrett & Company Inc. now owns 9,375 shares of the company’s stock valued at $769,000 after purchasing an additional 125 shares during the last quarter. Advanced Asset Management Advisors Inc lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.5% in the 4th quarter. Advanced Asset Management Advisors Inc now owns 8,627 shares of the company’s stock valued at $708,000 after purchasing an additional 128 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,043 shares of the company’s stock valued at $414,000 after purchasing an additional 133 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 8.1% in the 4th quarter. EP Wealth Advisors LLC now owns 1,939 shares of the company’s stock valued at $159,000 after purchasing an additional 145 shares during the last quarter. Finally, Straight Path Wealth Management lifted its stake in iShares 1-3 Year Treasury Bond ETF by 4.8% in the 4th quarter. Straight Path Wealth Management now owns 3,295 shares of the company’s stock valued at $270,000 after purchasing an additional 150 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock traded down $0.10 during trading hours on Tuesday, hitting $81.15. The company had a trading volume of 6,306,276 shares, compared to its average volume of 4,533,878. The firm has a market cap of $24.60 billion, a PE ratio of 3,690.68 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.55 and a one year high of $82.60. The firm has a 50-day moving average of $81.49 and a 200 day moving average of $81.57.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.2705 dividend. The ex-dividend date was Monday, April 1st. This represents a $3.25 annualized dividend and a yield of 4.00%.

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.