Stephens Inc. AR Boosts Stock Position in iShares 1-3 Year Treasury Bond ETF $SHY

Stephens Inc. AR lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 3.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 503,696 shares of the company’s stock after purchasing an additional 18,494 shares during the period. Stephens Inc. AR’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $41,590,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MCF Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $25,000. Holos Integrated Wealth LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth $29,000. Lodestone Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $29,000. Valley National Advisers Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $33,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $81.94 on Monday. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $81.83 and a 12-month high of $83.20. The firm has a market capitalization of $25.36 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The firm has a 50-day moving average price of $82.13 and a 200 day moving average price of $82.52.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.