PFG Investments LLC Boosts Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

PFG Investments LLC grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 26.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,474 shares of the company’s stock after acquiring an additional 4,850 shares during the quarter. PFG Investments LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,924,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Logan Capital Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $37,000. AlphaMark Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $63,000. Global Trust Asset Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $68,000. Creative Financial Designs Inc. ADV raised its stake in iShares 1-3 Year Treasury Bond ETF by 23.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after buying an additional 167 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $76,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.26 on Tuesday. The firm has a market capitalization of $23.06 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The stock’s 50-day simple moving average is $82.02 and its 200-day simple moving average is $82.35. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a yield of 4.09%.

iShares 1-3 Year Treasury Bond ETF Company 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.