Gladstone Institutional Advisory LLC Acquires 26,176 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Gladstone Institutional Advisory LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 644.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,240 shares of the company’s stock after purchasing an additional 26,176 shares during the period. Gladstone Institutional Advisory LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHY. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $30,000. Logan Capital Management Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter worth $37,000. AlphaMark Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $63,000. Wingate Wealth Advisors Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $64,000. Finally, Global Trust Asset Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $68,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.1 %

SHY stock opened at $81.88 on Thursday. The firm has a market cap of $23.07 billion, a PE ratio of 3,695.45 and a beta of 0.01. The stock has a 50-day moving average price of $82.02 and a 200-day moving average price of $82.36. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.2735 dividend. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Monday, February 3rd.

iShares 1-3 Year Treasury Bond ETF Company 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.