38,836 Shares in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Acquired by First Heartland Consultants Inc.

First Heartland Consultants Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, Holdings Channel reports. The fund purchased 38,836 shares of the company’s stock, valued at approximately $3,184,000.

Several other institutional investors and hedge funds have also bought and sold shares of SHY. Proficio Capital Partners LLC raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11,520.9% during the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock worth $675,862,000 after purchasing an additional 8,173,293 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $389,029,000. JPMorgan Chase & Co. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 47.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,544,623 shares of the company’s stock worth $946,428,000 after acquiring an additional 3,731,847 shares during the period. Essential Planning LLC. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 4,992.9% in the fourth quarter. Essential Planning LLC. now owns 2,454,066 shares of the company’s stock valued at $201,794,000 after acquiring an additional 2,405,880 shares during the period. Finally, Assetmark Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF by 94.0% in the 4th quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock worth $334,149,000 after purchasing an additional 1,975,432 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.44 on Wednesday. The company has a 50 day moving average price of $82.59 and a 200-day moving average price of $82.27. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.21 and a 1-year high of $83.30. The firm has a market cap of $23.88 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.04.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.