True Link Financial Advisors LLC Increases Equity Position in iShares 1-3 Year Government Bond ETF (NASDAQ:SHY)

Financial Advisors


True Link Financial Advisors LLC increased its position in the iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Rated) by 162.5% in the fourth quarter, according to its latest Form 13F filed with the SEC. The company held 68,406 shares after purchasing an additional 42,346 shares during the same period. The iShares 1- to 3-year Treasury ETF accounts for about 0.8% of True Link Financial Advisors LLC’s investment portfolio, making the stock the 19th largest. True Link Financial Advisors LLC’s iShares 1-3 Year Treasury Bond ETF holdings were worth $5,553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares in the company. Salem Investment Counselors Inc. increased its iShares 1-3 Year Treasury Bond ETF position by 316.7% in the third quarter. Salem Investment Counselors Inc. acquired an additional 323 of his shares last quarter, and he now owns 425 shares of the company, valued at $35,000. Global Wealth Management Investment Advisory Inc. purchased new shares in the iShares 1-3 Year Treasury Bond ETF for the equivalent of $35,000 in the first quarter. Okabena Investment Services purchased a new position in the iShares 1-3 Year Treasury Bond ETF for the equivalent of about $36,000 in the fourth quarter. Atticus Wealth Management LLC purchased a new position in the iShares 1-3 Year Treasury Bond ETF for a value of approximately $42,000 in the fourth quarter. Finally, FAS Wealth Partners purchased a new position in the iShares 1-3 Year Treasury Bond ETF for approximately $42,000 in the fourth quarter. Institutional investors hold 22.85% of the company’s shares.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of the iShares 1-3 Year Treasury Bond ETF rose $0.09 to $82.35 during Thursday’s trading hours. The stock had a trading volume of 2,822,519 shares and an average volume of 5,625,240 shares. The iShares 1-3 Year Treasury Bond ETF hit a 52-week low of $80.48 and a 52-week high of $83.53. His 50-day moving average price for this company is $82.13 and his 200-day moving average price is $81.69.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid out on Friday, May 5th. A dividend of $0.191 was paid to record shareholders on Tuesday, May 2nd. This equates to an annual dividend of $2.29 and a yield of 2.78%. That’s up from the iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date for this dividend was Monday, May 1.

iShares 1-3 Year Government Bond ETF Company Profile

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The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund based on the US Treasury 1-3 Year Index. The fund tracks a market-weighted index of 1-3 year to maturity bonds issued by the US Treasury. Treasury strips are excluded. SHY was founded on July 22, 2002 and is managed by BlackRock.

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