MBA Advisors LLC Buys 17,816 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

MBA Advisors LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 105,223 shares of the company’s stock after buying an additional 17,816 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 3.7% of MBA Advisors LLC’s investment portfolio, making the stock its 7th biggest position. MBA Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,729,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 45.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 400 shares of the company’s stock worth $33,000 after purchasing an additional 125 shares in the last quarter. Procyon Advisors LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 28.2% during the second quarter. Procyon Advisors LLC now owns 16,546 shares of the company’s stock worth $1,371,000 after buying an additional 3,639 shares during the last quarter. Sunpointe LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter worth $276,000. Focus Financial Network Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 3.4% during the second quarter. Focus Financial Network Inc. now owns 94,845 shares of the company’s stock worth $7,859,000 after acquiring an additional 3,135 shares in the last quarter. Finally, Tompkins Financial Corp lifted its stake in iShares 1-3 Year Treasury Bond ETF by 8.5% in the second quarter. Tompkins Financial Corp now owns 120,556 shares of the company’s stock valued at $9,989,000 after acquiring an additional 9,473 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.81 on Friday. The company has a market cap of $23.68 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm has a 50-day moving average of $82.86 and a 200-day moving average of $82.81. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.87 and a one year high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a dividend of $0.2548 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 19th.

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.