iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Stock Position Increased by Strategic Investment Advisors MI

Strategic Investment Advisors MI lifted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 182.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 342,901 shares of the company’s stock after buying an additional 221,702 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises 3.0% of Strategic Investment Advisors MI’s portfolio, making the stock its 8th largest holding. Strategic Investment Advisors MI owned about 0.12% of iShares 1-3 Year Treasury Bond ETF worth $28,111,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SHY. Logan Capital Management Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $37,000. AlphaMark Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $63,000. Global Trust Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $68,000. Creative Financial Designs Inc. ADV raised its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $76,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.14 on Monday. The stock has a 50-day simple moving average of $82.02 and a two-hundred day simple moving average of $82.34. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The firm has a market capitalization of $23.02 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.2804 dividend. This represents a $3.36 annualized dividend and a yield of 4.10%. The ex-dividend date was Wednesday, December 18th.

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.