Destination Wealth Management Takes $273,000 Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Destination Wealth Management acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,325 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 11,520.9% during the 4th quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock worth $675,862,000 after purchasing an additional 8,173,293 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $389,029,000. Captrust Financial Advisors lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 72.7% during 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. Assetmark Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 94.0% during the 4th quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock worth $334,149,000 after purchasing an additional 1,975,432 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 21.8% during the 3rd quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after purchasing an additional 1,193,337 shares during the last quarter. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0 %

NASDAQ:SHY opened at $82.38 on Friday. The stock has a market cap of $23.21 billion, a P/E ratio of 3,755.45 and a beta of 0.01. The stock has a 50 day simple moving average of $82.12 and a 200 day simple moving average of $82.34. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.2531 per share. The ex-dividend date was Monday, March 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.