Fortitude Advisory Group L.L.C. Invests $248,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Fortitude Advisory Group L.L.C. acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, Holdings Channel reports. The firm acquired 3,024 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $45,000. Cedar Mountain Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $55,000. Financial Gravity Asset Management Inc. raised its stake in iShares 1-3 Year Treasury Bond ETF by 771.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock worth $57,000 after acquiring an additional 625 shares during the period. Halpern Financial Inc. bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $62,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its holdings in iShares 1-3 Year Treasury Bond ETF by 28.8% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 773 shares of the company’s stock valued at $63,000 after buying an additional 173 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY traded up $0.06 during trading on Thursday, reaching $81.11. 538,400 shares of the company traded hands, compared to its average volume of 4,526,585. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.55 and a 12-month high of $82.60. The firm has a fifty day simple moving average of $81.48 and a 200 day simple moving average of $81.57. The company has a market cap of $24.59 billion, a P/E ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.2616 per share. This represents a $3.14 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Wednesday, May 1st.

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.