White Pine Investment CO Buys 2,317 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

White Pine Investment CO lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,574 shares of the company’s stock after buying an additional 2,317 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises 2.5% of White Pine Investment CO’s portfolio, making the stock its 12th biggest holding. White Pine Investment CO’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,028,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SHY. Farther Finance Advisors LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 112.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 117,385 shares of the company’s stock valued at $9,761,000 after acquiring an additional 62,018 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $338,000. Fonville Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $286,000. Creative Financial Designs Inc. ADV lifted its position in iShares 1-3 Year Treasury Bond ETF by 23.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares during the period. Finally, Stephens Inc. AR boosted its stake in iShares 1-3 Year Treasury Bond ETF by 0.6% during the third quarter. Stephens Inc. AR now owns 1,337,659 shares of the company’s stock worth $111,226,000 after buying an additional 8,531 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.05 on Friday. The company’s fifty day moving average price is $82.77 and its two-hundred day moving average price is $82.08. The firm has a market capitalization of $22.16 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be given a $0.2831 dividend. This represents a $3.40 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.