Private Advisor Group LLC Grows Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Private Advisor Group LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 85.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 639,911 shares of the company’s stock after acquiring an additional 294,009 shares during the quarter. Private Advisor Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $52,460,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. School Employees Retirement Board of Ohio purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at about $10,123,000. Eagle Asset Management Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock valued at $1,097,000 after buying an additional 1,938 shares during the period. Zhang Financial LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% during the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock valued at $1,041,000 after buying an additional 1,859 shares during the period. Purus Wealth Management LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.6% during the fourth quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock valued at $546,000 after buying an additional 530 shares during the period. Finally, Zacks Investment Management increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.8% during the third quarter. Zacks Investment Management now owns 359,137 shares of the company’s stock valued at $29,862,000 after buying an additional 9,784 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

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

Shares of SHY opened at $82.03 on Wednesday. The business’s 50-day moving average price is $82.01 and its 200-day moving average price is $82.36. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30. The stock has a market cap of $23.12 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given 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.

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.