B. Riley Wealth Advisors Inc. Increases Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

B. Riley Wealth Advisors Inc. increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 29.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,764 shares of the company’s stock after acquiring an additional 7,268 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,572,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UBS Group AG lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.9% in the 4th quarter. UBS Group AG now owns 6,202,313 shares of the company’s stock valued at $508,838,000 after purchasing an additional 177,582 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.7% during the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after buying an additional 379,718 shares during the period. Cornell University acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $35,212,000. Pinebridge Investments L.P. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 7.3% in the 4th quarter. Pinebridge Investments L.P. now owns 4,093,000 shares of the company’s stock worth $335,790,000 after buying an additional 280,000 shares during the period. Finally, Cerity Partners LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 43.6% in the fourth quarter. Cerity Partners LLC now owns 2,450,100 shares of the company’s stock valued at $201,006,000 after acquiring an additional 744,074 shares during the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY traded up $0.17 during midday trading on Wednesday, hitting $82.34. 3,403,835 shares of the company’s stock traded hands, compared to its average volume of 3,901,010. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.62 and a twelve month high of $82.39. The firm’s fifty day moving average price is $81.63 and its two-hundred day moving average price is $81.61. The company has a market cap of $24.27 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a $0.2704 dividend. The ex-dividend date was Monday, July 1st. This represents a $3.24 dividend on an annualized basis and a yield of 3.94%.

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.