GHP Investment Advisors Inc. Purchases 256 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

GHP Investment Advisors Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,427 shares of the company’s stock after acquiring an additional 256 shares during the period. GHP Investment Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SHY. Bank of America Corp DE increased its holdings in iShares 1-3 Year Treasury Bond ETF by 9.4% in the 4th quarter. Bank of America Corp DE now owns 15,282,874 shares of the company’s stock valued at $1,252,890,000 after acquiring an additional 1,308,640 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 47.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,544,623 shares of the company’s stock valued at $946,428,000 after acquiring an additional 3,731,847 shares during the last quarter. Captrust Financial Advisors increased its holdings in iShares 1-3 Year Treasury Bond ETF by 9.1% in the 4th quarter. Captrust Financial Advisors now owns 9,232,624 shares of the company’s stock valued at $756,890,000 after acquiring an additional 766,782 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 11,520.9% in the 4th quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock valued at $675,862,000 after acquiring an additional 8,173,293 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in iShares 1-3 Year Treasury Bond ETF by 1.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,483,336 shares of the company’s stock valued at $449,524,000 after acquiring an additional 59,920 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.73 on Thursday. The company has a market cap of $24.30 billion, a P/E ratio of 3,747.73 and a beta of 0.01. The firm’s fifty day moving average is $82.53 and its two-hundred day moving average is $82.33. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.29 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a $0.2718 dividend. The ex-dividend date was Monday, June 2nd. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26. This represents a $3.26 dividend on an annualized basis and a dividend yield of 3.94%.

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.