Advanced Asset Management Advisors Inc Grows Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Advanced Asset Management Advisors Inc increased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 8,627 shares of the company’s stock after acquiring an additional 128 shares during the quarter. Advanced Asset Management Advisors Inc’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SHY. Fortitude Family Office LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $45,000. Impact Partnership Wealth LLC increased its stake in 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 worth $52,000 after acquiring an additional 342 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $55,000. Financial Gravity Asset Management Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 771.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock valued at $57,000 after acquiring an additional 625 shares during the last quarter. Finally, Halpern Financial Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $62,000. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY traded down $0.06 during mid-day trading on Thursday, hitting $81.19. 4,224,062 shares of the company’s stock traded hands, compared to its average volume of 4,557,252. 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’s 50-day moving average is $81.53 and its two-hundred day moving average is $81.56. The company has a market capitalization of $24.57 billion, a P/E ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.2705 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Monday, April 1st.

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.