RDA Financial Network Makes New $564,000 Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

RDA Financial Network purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,877 shares of the company’s stock, valued at approximately $564,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Edgestream Partners L.P. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 299.2% in the 2nd quarter. Edgestream Partners L.P. now owns 42,066 shares of the company’s stock valued at $3,435,000 after purchasing an additional 31,528 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in iShares 1-3 Year Treasury Bond ETF by 58.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 257,170 shares of the company’s stock valued at $20,998,000 after buying an additional 94,534 shares during the period. Bright Financial Advisors Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $993,000. Leuthold Group LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.4% during the second quarter. Leuthold Group LLC now owns 143,792 shares of the company’s stock worth $11,741,000 after buying an additional 560 shares during the period. Finally, ProVise Management Group LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter valued at about $490,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

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

Shares of NASDAQ SHY opened at $82.10 on Friday. The business’s 50 day moving average is $82.01 and its two-hundred day moving average is $82.32. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The firm has a market cap of $22.75 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a yield of 4.10%.

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.