iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Acquired by GM Advisory Group LLC

GM Advisory Group LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 670,916 shares of the company’s stock after buying an additional 51,470 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for approximately 3.3% of GM Advisory Group LLC’s portfolio, making the stock its 7th largest holding. GM Advisory Group LLC owned 0.25% of iShares 1-3 Year Treasury Bond ETF worth $55,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Guidance Capital Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 11.8% during the 2nd quarter. Guidance Capital Inc. now owns 3,401 shares of the company’s stock worth $280,000 after purchasing an additional 359 shares during the last quarter. Gradient Investments LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,316.2% in the second quarter. Gradient Investments LLC now owns 963 shares of the company’s stock valued at $79,000 after acquiring an additional 895 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 13.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock valued at $4,490,000 after acquiring an additional 6,493 shares during the last quarter. School Employees Retirement Board of Ohio purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $10,123,000. Finally, Burke & Herbert Bank & Trust Co. acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $1,459,000. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.02 on Friday. The stock has a market capitalization of $22.15 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30. The firm’s 50-day moving average is $82.54 and its two-hundred day moving average is $82.16.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.2831 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.