Farther Finance Advisors LLC Increases Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Farther Finance Advisors LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 112.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 117,385 shares of the company’s stock after acquiring an additional 62,018 shares during the period. Farther Finance Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,761,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WestEnd Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at approximately $30,000. Financial Connections Group Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth about $31,000. Rational Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth about $67,000. Global Trust Asset Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $68,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after acquiring an additional 167 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.05 on Friday. The firm’s 50-day simple moving average is $82.77 and its two-hundred day simple moving average is $82.08. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The stock has a market cap of $22.16 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be given a dividend of $0.2831 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF Company 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.