Boston Financial Mangement LLC Raises Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Boston Financial Mangement LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,968 shares of the company’s stock after acquiring an additional 7,521 shares during the period. Boston Financial Mangement LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHY. Golden State Equity Partners acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth $2,484,000. Modera Wealth Management LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 44.3% in the 2nd quarter. Modera Wealth Management LLC now owns 24,863 shares of the company’s stock valued at $2,030,000 after purchasing an additional 7,629 shares in the last quarter. WestEnd Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $30,000. Strategies Wealth Advisors LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 73.6% during the second quarter. Strategies Wealth Advisors LLC now owns 4,283 shares of the company’s stock worth $350,000 after purchasing an additional 1,816 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 222.2% in the second quarter. Crewe Advisors LLC now owns 4,917 shares of the company’s stock worth $401,000 after buying an additional 3,391 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock remained flat at $82.80 during trading hours on Friday. The stock had a trading volume of 2,777,979 shares, compared to its average volume of 4,000,214. The stock has a market capitalization of $24.56 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.62 and a fifty-two week high of $82.91. The company’s fifty day simple moving average is $82.15 and its two-hundred day simple moving average is $81.70.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.2725 per share. The ex-dividend date was Thursday, August 1st. This represents a $3.27 dividend on an annualized basis and a dividend yield of 3.95%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.