iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Position Increased by Sugar Maple Asset Management LLC

Sugar Maple Asset Management LLC raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,016 shares of the company’s stock after acquiring an additional 1,739 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 4.8% of Sugar Maple Asset Management LLC’s holdings, making the stock its 6th biggest holding. Sugar Maple Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SPC Financial Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% in the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after purchasing an additional 140 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 2.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock worth $582,000 after acquiring an additional 147 shares in the last quarter. Acorn Wealth Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 0.7% in the third quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock valued at $1,728,000 after acquiring an additional 152 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.6% in the third quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock valued at $2,199,000 after acquiring an additional 152 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.6% during the third quarter. D.A. Davidson & CO. now owns 9,837 shares of the company’s stock worth $818,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.08 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The stock has a market capitalization of $22.74 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The company has a 50-day simple moving average of $82.01 and a 200-day simple moving average of $82.33.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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