Dynamic Advisor Solutions LLC Buys 20,824 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Dynamic Advisor Solutions LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 23.4% during the 4th quarter, Holdings Channel reports. The firm owned 109,693 shares of the company’s stock after buying an additional 20,824 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,993,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after buying an additional 3,563,486 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 21.8% during the 3rd quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after purchasing an additional 1,193,337 shares during the last quarter. Bank of Montreal Can increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 0.8% during the 3rd quarter. Bank of Montreal Can now owns 5,135,345 shares of the company’s stock valued at $427,620,000 after purchasing an additional 41,969 shares during the last quarter. Barclays PLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 68.7% during the 3rd quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock valued at $229,417,000 after buying an additional 1,123,670 shares during the period. Finally, Stephens Inc. AR lifted its position in iShares 1-3 Year Treasury Bond ETF by 0.6% in 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 during 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 Up 0.1 %

SHY stock opened at $82.14 on Friday. The firm’s fifty day simple moving average is $82.02 and its two-hundred day simple moving average is $82.34. The stock has a market capitalization of $23.00 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.2804 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date 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.