Koa Wealth Management LLC Has $4.86 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Koa Wealth Management LLC increased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,287 shares of the company’s stock after purchasing an additional 882 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for 4.0% of Koa Wealth Management LLC’s portfolio, making the stock its 5th largest position. Koa Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in iShares 1-3 Year Treasury Bond ETF by 72.7% in the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after purchasing an additional 3,563,486 shares during the last quarter. LPL Financial LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 21.8% in the 3rd quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after buying an additional 1,193,337 shares in the last quarter. Bank of Montreal Can increased its position in iShares 1-3 Year Treasury Bond ETF by 0.8% in the 3rd quarter. Bank of Montreal Can now owns 5,135,345 shares of the company’s stock valued at $427,620,000 after acquiring an additional 41,969 shares during the period. Barclays PLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 68.7% during the 3rd quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock valued at $229,417,000 after acquiring an additional 1,123,670 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in iShares 1-3 Year Treasury Bond ETF by 0.6% during the 3rd quarter. Stephens Inc. AR now owns 1,337,659 shares of the company’s stock worth $111,226,000 after acquiring an additional 8,531 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.28 on Friday. The stock has a market cap of $23.17 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 1 year low of $80.91 and a 1 year high of $83.30. The business has a fifty day moving average of $82.03 and a 200-day moving average of $82.35.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.2804 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a yield of 4.09%.

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.