SRS Capital Advisors Inc. Invests $330,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

SRS Capital Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,025 shares of the company’s stock, valued at approximately $330,000.

A number of other hedge funds have also modified their holdings of the stock. Norden Group LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 301.6% in the fourth quarter. Norden Group LLC now owns 12,321 shares of the company’s stock worth $1,010,000 after acquiring an additional 9,253 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 18,120.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 7,288 shares of the company’s stock worth $597,000 after purchasing an additional 7,248 shares in the last quarter. PCG Asset Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $4,894,000. Nixon Peabody Trust Co. increased its position in iShares 1-3 Year Treasury Bond ETF by 71.4% during the fourth quarter. Nixon Peabody Trust Co. now owns 43,736 shares of the company’s stock worth $3,585,000 after buying an additional 18,213 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $1,212,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.43 on Wednesday. The company has a market capitalization of $23.23 billion, a price-to-earnings ratio of 3,755.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The company’s fifty day moving average price is $82.09 and its two-hundred day moving average price is $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders 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.

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.