TFC Financial Management Inc. Has $70.62 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

TFC Financial Management Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 861,377 shares of the company’s stock after acquiring an additional 39,456 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 11.2% of TFC Financial Management Inc.’s portfolio, making the stock its 3rd biggest holding. TFC Financial Management Inc. owned 0.31% of iShares 1-3 Year Treasury Bond ETF worth $70,616,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Stanley Laman Group Ltd. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 26.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 4,252 shares of the company’s stock valued at $349,000 after purchasing an additional 891 shares during the period. Van ECK Associates Corp boosted its stake in iShares 1-3 Year Treasury Bond ETF by 92.1% in the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after purchasing an additional 187 shares during the period. Values First Advisors Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 53.2% in the 4th quarter. Values First Advisors Inc. now owns 80,799 shares of the company’s stock valued at $6,624,000 after purchasing an additional 28,060 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 43.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 204,711 shares of the company’s stock valued at $16,782,000 after purchasing an additional 62,471 shares during the period. Finally, Jmac Enterprises LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.6% in the 4th quarter. Jmac Enterprises LLC now owns 31,297 shares of the company’s stock valued at $2,566,000 after purchasing an additional 197 shares during the period. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $81.88 on Thursday. The stock has a fifty day moving average price of $82.02 and a 200-day moving average price of $82.36. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. 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.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.2735 per share. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date was Monday, February 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.