Ifrah Financial Services Inc. Buys 20,489 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Ifrah Financial Services Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report) by 13.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,642 shares of the company’s stock after purchasing an additional 20,489 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 3.8% of Ifrah Financial Services Inc.’s investment portfolio, making the stock its 4th largest position. Ifrah Financial Services Inc. owned approximately 0.06% of iShares 1-3 Year Treasury Bond ETF worth $14,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.7% during the 2nd quarter. NewEdge Advisors LLC now owns 131,739 shares of the company’s stock valued at $10,916,000 after acquiring an additional 916 shares during the period. Squarepoint Ops LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 103.3% in the 2nd quarter. Squarepoint Ops LLC now owns 15,212 shares of the company’s stock worth $1,260,000 after acquiring an additional 7,731 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $70,000. NCM Capital Management LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 6.7% in the 2nd quarter. NCM Capital Management LLC now owns 9,569 shares of the company’s stock valued at $793,000 after purchasing an additional 603 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 32,729 shares of the company’s stock valued at $2,712,000 after purchasing an additional 919 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

SHY opened at $82.19 on Monday. The business’s fifty day moving average is $82.19 and its two-hundred day moving average is $82.55. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.86 and a one year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a dividend of $0.2429 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.5%.

About iShares 1-3 Year Treasury Bond ETF

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

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