Ifrah Financial Services Inc. Buys 1,924 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ifrah Financial Services Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 144,609 shares of the company’s stock after purchasing an additional 1,924 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for 3.3% of Ifrah Financial Services Inc.’s holdings, making the stock its 5th biggest holding. Ifrah Financial Services Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $11,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in SHY. Golden State Wealth Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $30,000. Van ECK Associates Corp increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after purchasing an additional 187 shares during the period. Roxbury Financial LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $36,000. Logan Capital Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $37,000. Finally, AlphaMark Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $63,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1 %

Shares of SHY stock opened at $82.10 on Monday. The stock has a 50-day simple moving average of $82.01 and a 200 day simple moving average of $82.36. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The stock has a market capitalization of $23.14 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 announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.2735 per share. The ex-dividend date was Monday, February 3rd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF 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.