Sax Wealth Advisors LLC Buys 990 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sax Wealth Advisors LLC raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,761 shares of the company’s stock after purchasing an additional 990 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $467,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SHY. Stelac Advisory Services LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at $195,000. Vontobel Holding Ltd. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% in the 1st quarter. Vontobel Holding Ltd. now owns 10,829 shares of the company’s stock valued at $902,000 after buying an additional 1,579 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at $20,110,000. Brighton Jones LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 37.2% in the 1st quarter. Brighton Jones LLC now owns 3,387 shares of the company’s stock valued at $282,000 after buying an additional 918 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 105.9% in the 1st quarter. Covestor Ltd now owns 700 shares of the company’s stock valued at $58,000 after buying an additional 360 shares in the last quarter. 18.38% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock remained flat at $81.28 during mid-day trading on Monday. 2,283,457 shares of the stock were exchanged, compared to its average volume of 5,295,305. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.48 and a 52 week high of $82.74. The firm’s fifty day moving average is $80.95 and its 200-day moving average is $81.14.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd were paid a $0.23 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.21. The ex-dividend date was Wednesday, November 1st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.40%.

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.