Ewing Morris & Co. Investment Partners Ltd. Acquires Shares of 2,574 iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, Holdings Channel reports. The firm acquired 2,574 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accredited Wealth Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $25,000. Golden State Wealth Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $30,000. Van ECK Associates Corp boosted its position in iShares 1-3 Year Treasury Bond ETF by 92.1% during 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 acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $32,000. Finally, Roxbury Financial LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $36,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.45 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.21 and a 1 year high of $83.30. The stock has a fifty day moving average of $82.60 and a two-hundred day moving average of $82.27. The firm has a market capitalization of $24.22 billion, a PE ratio of 3,762.27 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were given a $0.2592 dividend. This represents a $3.11 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, May 1st.

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.