iShares 1-3 Year Treasury Bond ETF $SHY Stock: Ballast Inc. Raises Stake

Ballast Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 55.2% during the third quarter, Holdings Channel reports. The fund owned 381,412 shares of the company’s stock after acquiring an additional 135,587 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up approximately 5.7% of Ballast Inc.’s holdings, making the stock its 4th biggest holding. Ballast Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $30,971,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its position 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. Mather Group LLC. bought a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth approximately $30,000. Weaver Capital Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $34,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the first quarter valued at about $38,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

Shares of SHY traded down $0.03 during midday trading on Tuesday, reaching $81.28. The stock had a trading volume of 702,274 shares, compared to its average volume of 4,249,974. The firm has a 50 day simple moving average of $81.51 and a 200-day simple moving average of $81.91. The firm has a market cap of $26.94 billion, a PE 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.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.2410 per share. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Thursday, October 1st.

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.