Novem Group Acquires New Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Novem Group acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,176 shares of the company’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hobbs Group Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Hobbs Group Advisors LLC now owns 9,916 shares of the company’s stock worth $813,000 after purchasing an additional 136 shares during the last quarter. Spreng Capital Management Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Spreng Capital Management Inc. now owns 10,388 shares of the company’s stock worth $852,000 after purchasing an additional 140 shares during the last quarter. Blueprint Investment Partners LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 2.2% during the fourth quarter. Blueprint Investment Partners LLC now owns 6,666 shares of the company’s stock worth $546,000 after purchasing an additional 142 shares during the last quarter. Center For Asset Management LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 5.8% during the fourth quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock worth $216,000 after purchasing an additional 145 shares during the last quarter. Finally, Cabot Wealth Management Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 0.3% during the fourth quarter. Cabot Wealth Management Inc. now owns 59,923 shares of the company’s stock worth $4,912,000 after purchasing an additional 161 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.1%

Shares of NASDAQ:SHY opened at $82.44 on Friday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.21 and a fifty-two week high of $83.30. The firm has a 50-day simple moving average of $82.59 and a 200 day simple moving average of $82.27. The company has a market cap of $24.21 billion, a PE ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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