Root Financial Partners LLC Takes Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Root Financial Partners LLC bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,103 shares of the company’s stock, valued at approximately $828,000.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $30,000. Van ECK Associates Corp increased its position in iShares 1-3 Year Treasury Bond ETF by 92.1% during the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after acquiring an additional 187 shares during the last quarter. Logan Capital Management Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $37,000. AlphaMark Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $63,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $64,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NASDAQ:SHY opened at $81.99 on Friday. The company has a market capitalization of $23.10 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The firm’s 50-day moving average is $82.02 and its 200 day moving average is $82.36.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.2735 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date was Monday, February 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.