Coldstream Capital Management Inc. Invests $2.80 Million in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Coldstream Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,467 shares of the company’s stock, valued at approximately $2,798,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.1% during the 3rd quarter. BlackRock Inc. now owns 9,381,370 shares of the company’s stock worth $761,861,000 after buying an additional 193,275 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 4.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,042,949 shares of the company’s stock valued at $734,378,000 after purchasing an additional 395,026 shares during the last quarter. Balentine LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $690,043,000. Captrust Financial Advisors raised its stake in iShares 1-3 Year Treasury Bond ETF by 15.5% in the 3rd quarter. Captrust Financial Advisors now owns 6,517,816 shares of the company’s stock valued at $529,312,000 after purchasing an additional 874,131 shares during the last quarter. Finally, US Bancorp DE raised its stake in iShares 1-3 Year Treasury Bond ETF by 57.8% in the 3rd quarter. US Bancorp DE now owns 5,433,041 shares of the company’s stock valued at $441,218,000 after purchasing an additional 1,990,350 shares during the last quarter. Institutional investors and hedge funds own 22.85% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $82.27 on Friday. The firm has a 50-day moving average price of $81.39 and a 200 day moving average price of $81.33. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.48 and a twelve month high of $83.87.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 7th. Investors of record on Thursday, March 2nd were paid a $0.162 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $1.94 annualized dividend and a yield of 2.36%.

iShares 1-3 Year Treasury Bond ETF Profile

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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.