Finley Financial LLC Makes New $357,000 Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Finley Financial LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, Holdings Channel.com reports. The fund acquired 4,345 shares of the company’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Missouri Trust & Investment Co bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $101,000. Dakota Wealth Management lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 25.9% during the fourth quarter. Dakota Wealth Management now owns 333,464 shares of the company’s stock worth $27,337,000 after purchasing an additional 68,631 shares during the last quarter. White Pine Investment CO lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 10.5% during the fourth quarter. White Pine Investment CO now owns 119,969 shares of the company’s stock worth $9,835,000 after purchasing an additional 11,395 shares during the last quarter. Transform Wealth LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $3,549,000. Finally, Sugar Maple Asset Management LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% in the fourth quarter. Sugar Maple Asset Management LLC now owns 77,016 shares of the company’s stock valued at $6,314,000 after acquiring an additional 1,739 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $82.11 on Wednesday. The business has a 50-day moving average price of $82.01 and a 200 day moving average price of $82.34. The company has a market capitalization of $22.99 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.10%.

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.