Petros Family Wealth LLC boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 15.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,168 shares of the company’s stock after purchasing an additional 7,360 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for about 2.7% of Petros Family Wealth LLC’s portfolio, making the stock its 8th biggest holding. Petros Family Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,561,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares in the last quarter. Mather Group LLC. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $28,000. Ashton Thomas Securities LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at approximately $30,000. Valley National Advisers Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $32,000. Finally, Weaver Capital Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 23.15% of the company’s stock.
iShares 1-3 Year Treasury Bond ETF Stock Performance
SHY opened at $81.70 on Friday. The firm has a market cap of $27.48 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm has a 50-day moving average of $81.43 and a 200 day moving average of $82.12. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.95 and a fifty-two week high of $83.20.
iShares 1-3 Year Treasury Bond ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.2410 per share. This represents a $2.89 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.
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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