New Wave Wealth Advisors LLC Makes New $505,000 Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

New Wave Wealth Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,190 shares of the company’s stock, valued at approximately $505,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. WestEnd Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $30,000. Financial Connections Group Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $31,000. Criterion Capital Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter worth approximately $35,000. Future Financial Wealth Managment LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter worth $36,000. Finally, Mather Group LLC. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth $39,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $83.15 on Tuesday. The company has a fifty day moving average of $82.74 and a 200 day moving average of $81.92. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.62 and a fifty-two week high of $83.30. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.2883 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares 1-3 Year Treasury Bond ETF Company 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.