Pinnacle Wealth Planning Services Inc. Invests $728,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Pinnacle Wealth Planning Services Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,879 shares of the company’s stock, valued at approximately $728,000.

Other hedge funds also recently made changes to their positions in the company. Eagle Asset Management Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after acquiring an additional 1,938 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in iShares 1-3 Year Treasury Bond ETF by 12.1% in the fourth quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after purchasing an additional 22,721 shares during the last quarter. Zhang Financial LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 17.1% in the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,859 shares during the last quarter. Purus Wealth Management LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 8.6% in the fourth quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock worth $546,000 after purchasing an additional 530 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in iShares 1-3 Year Treasury Bond ETF by 9.8% in the fourth quarter. IFP Advisors Inc now owns 12,091 shares of the company’s stock worth $991,000 after purchasing an additional 1,083 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

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

iShares 1-3 Year Treasury Bond ETF stock opened at $82.34 on Thursday. The company has a market capitalization of $23.20 billion, a PE ratio of 3,755.45 and a beta of 0.01. The firm has a fifty day simple moving average of $82.10 and a two-hundred day simple moving average of $82.34. 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 dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be given a $0.2531 dividend. The ex-dividend date is Monday, March 3rd.

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.