iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Bought by Private Management Group Inc.

Private Management Group Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 207,287 shares of the company’s stock after buying an additional 10,261 shares during the period. Private Management Group Inc. owned about 0.07% of iShares 1-3 Year Treasury Bond ETF worth $17,006,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SHY. Fortitude Family Office LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $45,000. Impact Partnership Wealth LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 114.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 641 shares of the company’s stock valued at $52,000 after purchasing an additional 342 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $55,000. Financial Gravity Asset Management Inc. raised its holdings in iShares 1-3 Year Treasury Bond ETF by 771.6% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock worth $57,000 after purchasing an additional 625 shares during the period. Finally, Halpern Financial Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $62,000. 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 NASDAQ:SHY traded up $0.07 during midday trading on Tuesday, reaching $81.28. 3,614,428 shares of the company’s stock traded hands, compared to its average volume of 4,564,912. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.55 and a 1 year high of $82.60. The company has a market cap of $24.61 billion, a P/E ratio of 3,690.68 and a beta of 0.01. The company has a fifty day simple moving average of $81.54 and a two-hundred day simple moving average of $81.56.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.2705 dividend. The ex-dividend date was Monday, April 1st. This represents a $3.25 dividend on an annualized basis and a yield of 3.99%.

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.