GM Advisory Group LLC Has $62.54 Million Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

GM Advisory Group LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 757,390 shares of the company’s stock after acquiring an additional 15,642 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for approximately 2.4% of GM Advisory Group LLC’s investment portfolio, making the stock its 9th biggest holding. GM Advisory Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $62,538,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. MCF Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $25,000. Lodestone Wealth Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $29,000. Holos Integrated Wealth LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $29,000. Valley National Advisers Inc. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $33,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at $38,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $81.94 on Friday. The firm’s fifty day simple moving average is $82.13 and its 200 day simple moving average is $82.52. The stock has a market cap of $25.31 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $81.83 and a twelve month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be given a $0.2383 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, July 1st.

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.