Modus Advisors LLC Buys 502 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Modus Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 69,543 shares of the company’s stock after buying an additional 502 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for approximately 1.8% of Modus Advisors LLC’s holdings, making the stock its 22nd biggest position. Modus Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHY. Captrust Financial Advisors boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after acquiring an additional 3,563,486 shares during the period. Cerity Partners OCIO LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth $129,075,000. LPL Financial LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 21.8% in the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after acquiring an additional 1,193,337 shares in the last quarter. Barclays PLC boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 68.7% in the 3rd quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after purchasing an additional 1,123,670 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 179.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock valued at $70,676,000 after buying an additional 546,239 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY traded up $0.03 during midday trading on Friday, hitting $81.99. The stock had a trading volume of 522,773 shares, compared to its average volume of 2,151,714. The company has a market cap 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 has a 1 year low of $80.91 and a 1 year high of $83.30. The business has a fifty day moving average of $82.06 and a 200 day moving average of $82.29.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. This represents a $3.36 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.