Sovereign Financial Group Inc. Boosts Stake in iShares 1-3 Year Treasury Bond ETF $SHY

Sovereign Financial Group Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 29.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,470 shares of the company’s stock after purchasing an additional 785 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. DMC Group LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.7% during the first quarter. DMC Group LLC now owns 7,417 shares of the company’s stock worth $614,000 after purchasing an additional 122 shares in the last quarter. CNB Bank increased its holdings in iShares 1-3 Year Treasury Bond ETF by 6.6% in the first quarter. CNB Bank now owns 2,018 shares of the company’s stock valued at $167,000 after buying an additional 125 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% during the first quarter. Apollon Wealth Management LLC now owns 21,474 shares of the company’s stock valued at $1,777,000 after purchasing an additional 125 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in iShares 1-3 Year Treasury Bond ETF by 45.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock valued at $33,000 after purchasing an additional 125 shares in the last quarter. Finally, Robinson Value Management Ltd. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.7% during the 1st quarter. Robinson Value Management Ltd. now owns 18,177 shares of the company’s stock valued at $1,504,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.93 on Monday. The stock has a fifty day moving average price of $82.83 and a two-hundred day moving average price of $82.65. The firm has a market cap of $23.97 billion, a P/E ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.67 and a 1 year high of $83.12.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.2563 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.