MinichMacGregor Wealth Management LLC Increases Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

MinichMacGregor Wealth Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 47,010 shares of the company’s stock after purchasing an additional 1,396 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,854,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SHY. School Employees Retirement Board of Ohio purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $10,123,000. Eagle Asset Management Inc. lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after buying an additional 1,938 shares during the period. Alternative Investment Advisors LLC. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $350,000. Park Avenue Securities LLC raised its position in iShares 1-3 Year Treasury Bond ETF by 30.4% during the 3rd quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock worth $7,261,000 after buying an additional 20,384 shares during the last quarter. Finally, Bridge Advisory LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 19.2% during the third quarter. Bridge Advisory LLC now owns 10,998 shares of the company’s stock worth $914,000 after purchasing an additional 1,774 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.09 on Thursday. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The company has a 50 day moving average price of $82.02 and a 200-day moving average price of $82.34. 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 business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. This represents a $3.36 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.