Betterment LLC Boosts Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Betterment LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 236,154 shares of the company’s stock after buying an additional 24,615 shares during the period. Betterment LLC owned about 0.08% of iShares 1-3 Year Treasury Bond ETF worth $19,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 68.7% during the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock valued at $229,417,000 after purchasing an additional 1,123,670 shares during the period. Westside Investment Management Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.9% during the 3rd quarter. Westside Investment Management Inc. now owns 30,843 shares of the company’s stock valued at $2,565,000 after acquiring an additional 576 shares during the period. Tidal Investments LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $1,303,000. Synovus Financial Corp raised its stake in iShares 1-3 Year Treasury Bond ETF by 23.5% during the 3rd quarter. Synovus Financial Corp now owns 104,019 shares of the company’s stock worth $8,649,000 after acquiring an additional 19,801 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 3.7% during the third quarter. Peapack Gladstone Financial Corp now owns 276,067 shares of the company’s stock valued at $22,955,000 after purchasing an additional 9,748 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.84 on Friday. The firm has a market cap of $24.28 billion, a P/E ratio of 3,762.27 and a beta of 0.04. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The company has a 50 day simple moving average of $82.53 and a two-hundred day simple moving average of $82.26.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.2798 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.36 dividend on an annualized basis and a yield of 4.05%.

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.