Independent Financial Group LLC Buys Shares of 28,134 iShares 1-3 Year Treasury Bond ETF $SHY

Independent Financial Group LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 28,134 shares of the company’s stock, valued at approximately $2,323,000.

A number of other hedge funds have also made changes to their positions in the stock. MCF Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 345.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Holos Integrated Wealth LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $29,000. Lodestone Wealth Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth $29,000. Finally, Valley National Advisers Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $81.99 on Friday. The firm has a market cap of $25.61 billion, a PE ratio of 3,747.73 and a beta of 0.05. The firm’s 50-day simple moving average is $82.04 and its 200-day simple moving average is $82.46. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $81.79 and a 1 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, July 7th. Investors of record on Wednesday, July 1st were issued a $0.2383 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares 1-3 Year Treasury Bond ETF Company 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.