J2 Capital Management Inc Purchases Shares of 3,567 iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

J2 Capital Management Inc acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,567 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Logan Capital Management Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $37,000. Global Trust Asset Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $68,000. Creative Financial Designs Inc. ADV lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $76,000. Finally, Bristlecone Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $78,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $82.08 on Friday. The stock’s 50-day simple moving average is $82.01 and its 200 day simple moving average is $82.32. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The company has a market cap of $22.74 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.2804 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.