Edgestream Partners L.P. Raises Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Edgestream Partners L.P. lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 161.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,055 shares of the company’s stock after purchasing an additional 67,989 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises approximately 0.4% of Edgestream Partners L.P.’s holdings, making the stock its 14th largest position. Edgestream Partners L.P.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. WestEnd Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter worth $30,000. Financial Connections Group Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth about $31,000. Rational Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth about $67,000. Global Trust Asset Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth about $68,000. Finally, Creative Financial Designs Inc. ADV grew its position in iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.32 on Friday. The company has a 50-day simple moving average of $82.42 and a two-hundred day simple moving average of $82.20. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock has a market capitalization of $22.23 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.2831 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Friday, November 1st.

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.