Range Advisory LLC Acquires 42,758 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Range Advisory LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 58.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 116,043 shares of the company’s stock after buying an additional 42,758 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 1.1% of Range Advisory LLC’s portfolio, making the stock its 18th biggest holding. Range Advisory LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $9,528,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after purchasing an additional 249 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $30,000. Merkkuri Wealth Advisors LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth approximately $38,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter worth $38,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY opened at $81.69 on Tuesday. The stock has a market capitalization of $25.02 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm has a 50-day moving average price of $81.91 and a two-hundred day moving average price of $82.21. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.59 and a 1-year high of $83.20.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a $0.244 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 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.