Finley Financial LLC Invests $357,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Finley Financial LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,345 shares of the company’s stock, valued at approximately $357,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHY. School Employees Retirement Board of Ohio purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at approximately $10,123,000. Eagle Asset Management Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF by 17.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock valued at $1,097,000 after buying an additional 1,938 shares in the last quarter. Alternative Investment Advisors LLC. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at approximately $350,000. Park Avenue Securities LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 30.4% during the 3rd quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock valued at $7,261,000 after buying an additional 20,384 shares in the last quarter. Finally, Bridge Advisory LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 19.2% during the 3rd quarter. Bridge Advisory LLC now owns 10,998 shares of the company’s stock valued at $914,000 after buying an additional 1,774 shares in the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.11 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The company has a 50 day simple moving average of $82.01 and a two-hundred day simple moving average of $82.34. The firm has a market cap of $22.99 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.2804 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Wednesday, December 18th.

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.