Pinion Investment Advisors LLC Takes Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Pinion Investment Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,909 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHY. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $30,000. Van ECK Associates Corp raised its holdings in iShares 1-3 Year Treasury Bond ETF by 92.1% during the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after acquiring an additional 187 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $36,000. Logan Capital Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $37,000. Finally, Creative Capital Management Investments LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $45,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.42 on Tuesday. The company has a market capitalization of $23.02 billion, a price-to-earnings ratio of 3,755.45 and a beta of 0.03. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The business has a fifty day simple moving average of $82.08 and a two-hundred day simple moving average of $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be given a dividend of $0.2531 per share. The ex-dividend date of this dividend is Monday, March 3rd.

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.