Phillips Financial Management LLC Has $2.19 Million Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Posted by Trevor Kearing on Nov 18th, 2024

Phillips Financial Management LLC trimmed its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Free Report) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,341 shares of the company’s stock after selling 975 shares during the period. Phillips Financial Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,190,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Guidance Capital Inc. increased its position in iShares 1-3 Year Treasury Bond ETF by 11.8% during the 2nd quarter. Guidance Capital Inc. now owns 3,401 shares of the company’s stock worth $280,000 after purchasing an additional 359 shares in the last quarter. Gradient Investments LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,316.2% in the 2nd quarter. Gradient Investments LLC now owns 963 shares of the company’s stock valued at $79,000 after buying an additional 895 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 13.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock worth $4,490,000 after acquiring an additional 6,493 shares in the last quarter. School Employees Retirement Board of Ohio bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $10,123,000. Finally, Burke & Herbert Bank & Trust Co. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at $1,459,000. 23.62% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.02 on Monday. The stock has a 50 day moving average price of $82.61 and a two-hundred day moving average price of $82.15. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The firm has a market capitalization of $22.15 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

iShares 1-3 Year Treasury Bond ETF Company Profile

(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.