Advisors Preferred LLC Buys Shares of 410,623 iShares 1-3 Year Treasury Bond ETF $SHY

Advisors Preferred LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 410,623 shares of the company’s stock, valued at approximately $33,905,000. iShares 1-3 Year Treasury Bond ETF makes up approximately 5.0% of Advisors Preferred LLC’s portfolio, making the stock its 2nd biggest position.

Other large investors have also modified their holdings of the company. MCF Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after buying an additional 249 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $29,000. Finally, Valley National Advisers Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $81.93 on Wednesday. The firm has a market capitalization of $25.74 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.79 and a 1-year high of $83.20. The company’s fifty day moving average price is $82.05 and its 200-day moving average price is $82.47.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.2383 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%.

iShares 1-3 Year Treasury Bond ETF Company 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.