Fortem Financial Group LLC Boosts Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Fortem Financial Group LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,020 shares of the company’s stock after acquiring an additional 313 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises about 2.8% of Fortem Financial Group LLC’s investment portfolio, making the stock its 6th largest holding. Fortem Financial Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,298,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Logan Capital Management Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $37,000. Global Trust Asset Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $68,000. Creative Financial Designs Inc. ADV raised its position in iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after buying an additional 167 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $76,000. Finally, Bristlecone Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $78,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY remained flat at $81.96 during midday trading on Monday. 1,813,289 shares of the stock were exchanged, compared to its average volume of 2,835,586. The stock has a fifty day simple moving average of $82.05 and a 200 day simple moving average of $82.30. The company has a market cap of $22.64 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 annualized dividend and a yield of 4.11%.

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.