Quadrant Capital Group LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 19,339 shares of the company’s stock, valued at approximately $1,570,000.
Several other hedge funds and other institutional investors have also modified their holdings of SHY. Apella Capital LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 327.6% during the third quarter. Apella Capital LLC now owns 152,694 shares of the company’s stock worth $12,393,000 after purchasing an additional 116,984 shares during the period. Innova Wealth Partners lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 134.6% during the first quarter. Innova Wealth Partners now owns 318,143 shares of the company’s stock worth $26,269,000 after purchasing an additional 182,540 shares in the last quarter. Baird Financial Group Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 5.5% during the 2nd quarter. Baird Financial Group Inc. now owns 303,706 shares of the company’s stock worth $24,937,000 after buying an additional 15,954 shares during the period. Silicon Valley Capital Partners increased its stake in iShares 1-3 Year Treasury Bond ETF by 12.5% during the 2nd quarter. Silicon Valley Capital Partners now owns 576,059 shares of the company’s stock worth $47,300,000 after buying an additional 64,060 shares during the period. Finally, Signet Private Wealth LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth approximately $1,313,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.
iShares 1-3 Year Treasury Bond ETF Stock Up 0.3%
iShares 1-3 Year Treasury Bond ETF stock opened at $81.52 on Friday. The firm has a market cap of $27.20 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.95 and a 52-week high of $83.20. The company’s 50 day moving average is $81.48 and its two-hundred day moving average is $81.89.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.2410 dividend. This represents a $2.89 annualized dividend and a dividend yield of 3.5%. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 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.
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Want to see what other hedge funds are holding SHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report).
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