iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Holdings Increased by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.7% in the fourth quarter, HoldingsChannel reports. The fund owned 7,407 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Pinnacle Wealth Management Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Logan Capital Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $37,000. Global Trust Asset Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $68,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of 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 valued at $73,000 after buying an additional 167 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $76,000. Finally, Bristlecone Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $78,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0 %

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.85 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The stock has a market cap of $22.74 billion, a PE ratio of 3,695.45 and a beta of 0.01. The company’s 50-day moving average price is $82.01 and its two-hundred day moving average price is $82.32.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.11%.

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.