PCG Asset Management LLC Invests $4.89 Million in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

PCG Asset Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 59,693 shares of the company’s stock, valued at approximately $4,894,000. iShares 1-3 Year Treasury Bond ETF accounts for approximately 4.3% of PCG Asset Management LLC’s portfolio, making the stock its 4th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of SHY. Center For Asset Management LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 5.8% in the fourth quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock valued at $216,000 after acquiring an additional 145 shares during the period. Redhawk Wealth Advisors Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.1% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock valued at $582,000 after purchasing an additional 147 shares during the period. Acorn Wealth Advisors LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock valued at $1,728,000 after purchasing an additional 152 shares during the period. Rehmann Capital Advisory Group increased its stake in iShares 1-3 Year Treasury Bond ETF by 0.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock worth $2,199,000 after purchasing an additional 152 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 1.6% during the 3rd quarter. D.A. Davidson & CO. now owns 9,837 shares of the company’s stock worth $818,000 after buying an additional 153 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2 %

iShares 1-3 Year Treasury Bond ETF stock opened at $82.62 on Friday. The company has a 50 day moving average of $82.06 and a 200-day moving average of $82.34. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30. The stock has a market capitalization of $23.08 billion, a PE ratio of 3,755.45 and a beta of 0.03.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.2735 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous 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.