iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Purchased by Financial Management Professionals Inc.

Financial Management Professionals Inc. raised its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report) by 1.8% during the first quarter, Holdings Channel.com reports. The firm owned 15,888 shares of the company’s stock after buying an additional 288 shares during the period. Financial Management Professionals Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,314,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 51.6% during the fourth quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock valued at $8,840,000 after buying an additional 36,585 shares during the period. Simplicity Wealth LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth approximately $719,000. Deutsche Bank AG raised its holdings in iShares 1-3 Year Treasury Bond ETF by 253.8% in the 4th quarter. Deutsche Bank AG now owns 8,457 shares of the company’s stock valued at $693,000 after acquiring an additional 6,067 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after purchasing an additional 22,721 shares during the period. Finally, Kiker Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $3,036,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.0%

Shares of NASDAQ:SHY opened at $82.29 on Wednesday. The company has a market cap of $24.17 billion, a P/E ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.26 and a 52 week high of $83.30. The business has a fifty day simple moving average of $82.58 and a 200-day simple moving average of $82.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd will be paid a $0.2718 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 3.96%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. The ex-dividend date of this dividend is Monday, June 2nd.

iShares 1-3 Year Treasury Bond ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHYFree Report).

Institutional Ownership by Quarter for iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

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