Salomon & Ludwin LLC Has $9.04 Million Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Salomon & Ludwin LLC boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 30.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,686 shares of the company’s stock after purchasing an additional 25,371 shares during the period. Salomon & Ludwin LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. WestEnd Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $30,000. Financial Connections Group Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $31,000. Rational Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $67,000. Global Trust Asset Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $68,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $76,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.42 on Monday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.80 and a one year high of $83.30. The stock’s 50-day moving average is $82.80 and its 200 day moving average is $82.05. The firm has a market cap of $22.56 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.2883 per share. The ex-dividend date was Tuesday, September 3rd.

iShares 1-3 Year Treasury Bond ETF 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.