iShares 1-3 Year Treasury Bond ETF $SHY Shares Acquired by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 29.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,470 shares of the company’s stock after buying an additional 785 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $288,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Concurrent Investment Advisors LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 905.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 208,636 shares of the company’s stock valued at $17,288,000 after purchasing an additional 187,888 shares in the last quarter. Cerro Pacific Wealth Advisors LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 8.2% in the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 81,300 shares of the company’s stock valued at $6,736,000 after purchasing an additional 6,161 shares in the last quarter. Investment Advisory Group LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 1.0% in the 2nd quarter. Investment Advisory Group LLC now owns 34,497 shares of the company’s stock valued at $2,858,000 after purchasing an additional 350 shares in the last quarter. KFA Private Wealth Group LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 28.8% in the 2nd quarter. KFA Private Wealth Group LLC now owns 61,909 shares of the company’s stock valued at $5,130,000 after purchasing an additional 13,838 shares in the last quarter. Finally, Davis Rea LTD. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at approximately $2,737,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ SHY opened at $82.93 on Monday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.67 and a 1-year high of $83.12. The company has a market capitalization of $23.97 billion, a P/E ratio of 3,747.73 and a beta of 0.01. The business has a 50 day moving average price of $82.83 and a 200 day moving average price of $82.65.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.2563 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.7%.

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.