Rovin Capital UT ADV Raises Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Rovin Capital UT ADV increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 331.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,263 shares of the company’s stock after buying an additional 78,582 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for about 3.0% of Rovin Capital UT ADV’s investment portfolio, making the stock its 8th biggest position. Rovin Capital UT ADV’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,384,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smith Thornton Advisors LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% in the 4th quarter. Smith Thornton Advisors LLC now owns 11,239 shares of the company’s stock worth $921,000 after buying an additional 570 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 2.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock worth $582,000 after acquiring an additional 147 shares in the last quarter. Twele Capital Management Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 4.1% in the fourth quarter. Twele Capital Management Inc. now owns 5,296 shares of the company’s stock worth $434,000 after acquiring an additional 211 shares in the last quarter. Stephens Group Asset Management LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 173.7% during the fourth quarter. Stephens Group Asset Management LLC now owns 9,600 shares of the company’s stock worth $787,000 after acquiring an additional 6,093 shares during the last quarter. Finally, Roble Belko & Company Inc raised its position in iShares 1-3 Year Treasury Bond ETF by 19.9% during the fourth quarter. Roble Belko & Company Inc now owns 1,956 shares of the company’s stock valued at $160,000 after purchasing an additional 324 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.05 on Thursday. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The stock has a 50 day moving average price of $82.01 and a 200-day moving average price of $82.32. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one 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. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.2804 per share. This represents a $3.36 annualized dividend and a yield of 4.10%. The ex-dividend date was Wednesday, December 18th.

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.