Rossby Financial LCC Invests $850,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Rossby Financial LCC acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,365 shares of the company’s stock, valued at approximately $850,000.

Several other large investors have also bought and sold shares of SHY. Golden State Wealth Management LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $30,000. Van ECK Associates Corp boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after purchasing an additional 187 shares during the period. Millstone Evans Group LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $32,000. Roxbury Financial LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $36,000. Finally, Logan Capital Management Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $37,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.43 on Monday. The company has a 50-day moving average of $82.39 and a two-hundred day moving average of $82.26. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 3,758.18 and a beta of 0.01. 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 Friday, April 4th. Investors of record on Tuesday, April 1st were paid a $0.2798 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date was Tuesday, April 1st.

iShares 1-3 Year Treasury Bond ETF 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.