Patten Group Inc. Buys 5,277 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Patten Group Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 29.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,317 shares of the company’s stock after purchasing an additional 5,277 shares during the period. Patten Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHY. Golden State Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $30,000. Van ECK Associates Corp boosted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after buying an additional 187 shares during the last quarter. Roxbury Financial LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $36,000. Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $37,000. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth $45,000. 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 $82.42 on Tuesday. The stock’s fifty day moving average is $82.08 and its 200 day moving average is $82.34. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The stock has a market cap of $23.02 billion, a P/E ratio of 3,755.45 and a beta of 0.03.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.2531 per share. The ex-dividend date is Monday, March 3rd.

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.