Graybill Wealth Management LTD. Has $8.08 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Graybill Wealth Management LTD. raised its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 98,853 shares of the company’s stock after purchasing an additional 3,291 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 3.4% of Graybill Wealth Management LTD.’s holdings, making the stock its 4th biggest position. Graybill Wealth Management LTD.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,084,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornell University bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $35,212,000. The Manufacturers Life Insurance Company increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3,931.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock worth $155,560,000 after purchasing an additional 1,849,118 shares during the period. International Assets Investment Management LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $119,012,000. Cerity Partners LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 43.6% during the fourth quarter. Cerity Partners LLC now owns 2,450,100 shares of the company’s stock worth $201,006,000 after purchasing an additional 744,074 shares during the period. Finally, Pathstone Holdings LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth approximately $59,218,000. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY traded up $0.06 during trading hours on Thursday, reaching $81.64. 871,836 shares of the stock were exchanged, compared to its average volume of 4,007,146. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.55 and a 52 week high of $82.39. The stock’s fifty day simple moving average is $81.37 and its 200 day simple moving average is $81.63.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.2621 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $3.15 dividend on an annualized basis and a yield of 3.85%.

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.