First Wilshire Securities Management Inc. Purchases Shares of 2,729 iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

First Wilshire Securities Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,729 shares of the company’s stock, valued at approximately $224,000.

Other large investors also recently made changes to their positions in the company. D.A. Davidson & CO. grew its position in iShares 1-3 Year Treasury Bond ETF by 1.6% in the 3rd quarter. D.A. Davidson & CO. now owns 9,837 shares of the company’s stock valued at $818,000 after purchasing an additional 153 shares during the period. Kestra Investment Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $267,000. Hilltop Holdings Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,168.0% during the third quarter. Hilltop Holdings Inc. now owns 73,112 shares of the company’s stock worth $6,079,000 after acquiring an additional 67,346 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 14.4% in the 3rd quarter. HighTower Advisors LLC now owns 896,824 shares of the company’s stock worth $74,525,000 after acquiring an additional 113,220 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 181,962 shares of the company’s stock valued at $15,130,000 after acquiring an additional 1,741 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.48 on Wednesday. The business has a 50-day simple moving average of $82.30 and a two-hundred day simple moving average of $82.29. The company has a market capitalization of $23.24 billion, a P/E ratio of 3,745.00 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2798 per share. The ex-dividend date is Tuesday, April 1st. This represents a $3.36 annualized dividend and a dividend yield of 4.07%.

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.