Bay Rivers Group Purchases 3,441 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Bay Rivers Group raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 93.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,120 shares of the company’s stock after acquiring an additional 3,441 shares during the quarter. Bay Rivers Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $584,000 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 SHY. School Employees Retirement Board of Ohio bought a new position in iShares 1-3 Year Treasury Bond ETF during the third 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 3rd 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 last quarter. Alternative Investment Advisors LLC. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $350,000. Park Avenue Securities LLC grew its stake in iShares 1-3 Year Treasury Bond ETF by 30.4% in the 3rd quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock valued at $7,261,000 after buying an additional 20,384 shares during the last quarter. Finally, Bridge Advisory LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 19.2% in the 3rd quarter. Bridge Advisory LLC now owns 10,998 shares of the company’s stock valued at $914,000 after acquiring an additional 1,774 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1 %

Shares of SHY stock opened at $82.26 on Tuesday. 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 has a 50 day moving average price of $82.02 and a two-hundred day moving average price of $82.35. The company has a market capitalization of $23.06 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.