Morris Financial Concepts Inc. Has $5.94 Million Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Morris Financial Concepts Inc. boosted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,610 shares of the company’s stock after purchasing an additional 3,993 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises 3.0% of Morris Financial Concepts Inc.’s holdings, making the stock its 8th largest position. Morris Financial Concepts Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SHY. Cornell University acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $35,212,000. The Manufacturers Life Insurance Company lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 3,931.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock valued at $155,560,000 after buying an additional 1,849,118 shares during the period. International Assets Investment Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $119,012,000. Cerity Partners LLC raised its holdings 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 valued at $201,006,000 after purchasing an additional 744,074 shares during the period. Finally, Pathstone Holdings LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $59,218,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY traded down $0.34 during trading on Monday, hitting $81.31. 3,624,861 shares of the company traded hands, compared to its average volume of 4,009,850. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.55 and a fifty-two week high of $82.39. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The business’s fifty day moving average is $81.40 and its 200 day moving average is $81.63.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

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. This represents a $3.15 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Monday, June 3rd.

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.