Moment Partners LLC Makes New $22.28 Million Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Moment Partners LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 271,765 shares of the company’s stock, valued at approximately $22,279,000. iShares 1-3 Year Treasury Bond ETF makes up 4.2% of Moment Partners LLC’s portfolio, making the stock its 7th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $30,000. Van ECK Associates Corp boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th 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. Millstone Evans Group LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $32,000. Roxbury Financial LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $36,000. Finally, Logan Capital Management Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $37,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $82.48 on Thursday. The firm has a 50 day simple moving average of $82.26 and a two-hundred day simple moving average of $82.31. The stock has a market cap of $23.24 billion, a PE ratio of 3,745.00 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.2531 dividend. The ex-dividend date was Monday, March 3rd.

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.