iShares 1-3 Year Treasury Bond ETF $SHY Position Lifted by Petros Family Wealth LLC

Petros Family Wealth LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,168 shares of the company’s stock after purchasing an additional 7,360 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 2.7% of Petros Family Wealth LLC’s portfolio, making the stock its 8th largest holding. Petros Family Wealth LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,561,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHY. Apella Capital LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 327.6% during the 3rd quarter. Apella Capital LLC now owns 152,694 shares of the company’s stock worth $12,393,000 after acquiring an additional 116,984 shares during the last quarter. Baird Financial Group Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 5.5% in the second quarter. Baird Financial Group Inc. now owns 303,706 shares of the company’s stock valued at $24,937,000 after purchasing an additional 15,954 shares in the last quarter. Silicon Valley Capital Partners increased its stake in iShares 1-3 Year Treasury Bond ETF by 12.5% in the second quarter. Silicon Valley Capital Partners now owns 576,059 shares of the company’s stock valued at $47,300,000 after purchasing an additional 64,060 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth $1,140,000. Finally, IFP Advisors Inc boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 16.6% during the second quarter. IFP Advisors Inc now owns 180,492 shares of the company’s stock worth $14,820,000 after purchasing an additional 25,675 shares in the last quarter. 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 $81.70 on Friday. The company has a market cap of $27.48 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.95 and a one year high of $83.20. The firm’s fifty day moving average price is $81.43 and its two-hundred day moving average price is $82.12.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.2410 per share. This represents a $2.89 annualized dividend and a yield of 3.5%. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440.

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.