Summit Financial LLC Grows Stock Holdings in iShares 1-3 Year Treasury Bond ETF $SHY

Summit Financial LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 49.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,881 shares of the company’s stock after purchasing an additional 1,938 shares during the period. Summit Financial LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $487,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 3.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 11,669 shares of the company’s stock worth $965,000 after acquiring an additional 351 shares in the last quarter. Golden State Wealth Management LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 176.5% during the 1st quarter. Golden State Wealth Management LLC now owns 1,023 shares of the company’s stock worth $85,000 after acquiring an additional 653 shares in the last quarter. Investment Advisory Group LLC raised its stake in iShares 1-3 Year Treasury Bond ETF by 5.3% during the 1st quarter. Investment Advisory Group LLC now owns 34,147 shares of the company’s stock worth $2,825,000 after acquiring an additional 1,723 shares in the last quarter. IFP Advisors Inc raised its stake in iShares 1-3 Year Treasury Bond ETF by 5.9% during the 1st quarter. IFP Advisors Inc now owns 12,807 shares of the company’s stock worth $1,059,000 after acquiring an additional 716 shares in the last quarter. Finally, Alliance Wealth Management Group raised its stake in iShares 1-3 Year Treasury Bond ETF by 3.0% during the 1st quarter. Alliance Wealth Management Group now owns 5,530 shares of the company’s stock worth $457,000 after acquiring an additional 163 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.85 on Monday. The company’s fifty day moving average price is $82.59 and its 200 day moving average price is $82.51. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.67 and a 12 month high of $83.30. The firm has a market capitalization of $23.43 billion, a P/E ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, August 1st were paid a dividend of $0.2698 per share. The ex-dividend date was Friday, August 1st. This represents a c) annualized dividend and a yield of 3.9%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.26.

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.