IFP Advisors Inc Buys 61,350 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

IFP Advisors Inc increased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 650.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 70,789 shares of the company’s stock after purchasing an additional 61,350 shares during the quarter. IFP Advisors Inc’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Key Financial Inc increased its holdings in iShares 1-3 Year Treasury Bond ETF by 158.1% during the third quarter. Key Financial Inc now owns 320 shares of the company’s stock worth $26,000 after buying an additional 196 shares during the last quarter. Pflug Koory LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 637.8% in the third quarter. Pflug Koory LLC now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 287 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at $29,000. Howe & Rusling Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 36,100.0% in the 2nd quarter. Howe & Rusling Inc. now owns 362 shares of the company’s stock valued at $30,000 after acquiring an additional 361 shares during the period. Finally, Accredited Wealth Management LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 50.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 450 shares of the company’s stock valued at $37,000 after acquiring an additional 150 shares during the period. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.49 on Friday. The company’s 50-day moving average is $82.84 and its 200-day moving average is $82.88. The firm has a market capitalization of $24.11 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $82.21 and a fifty-two week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.223 per share. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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.