SevenBridge Financial Group LLC Acquires 35,502 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

SevenBridge Financial Group LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 28.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,732 shares of the company’s stock after purchasing an additional 35,502 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up 2.3% of SevenBridge Financial Group LLC’s holdings, making the stock its 7th biggest position. SevenBridge Financial Group LLC owned about 0.06% of iShares 1-3 Year Treasury Bond ETF worth $13,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHY. WestEnd Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $30,000. Financial Connections Group Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $31,000. Rational Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at $67,000. Global Trust Asset Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $68,000. Finally, Creative Financial Designs Inc. ADV increased its position in iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after buying an additional 167 shares during the period. 23.62% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.01 on Friday. The firm has a 50-day moving average of $82.51 and a 200-day moving average of $82.17. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock has a market cap of $22.15 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.2831 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.