Bay Rivers Group Buys 3,441 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Bay Rivers Group lifted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 93.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,120 shares of the company’s stock after purchasing an additional 3,441 shares during the quarter. Bay Rivers Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $584,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. SPC Financial Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% in the 3rd quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after acquiring an additional 140 shares in the last quarter. Center For Asset Management LLC lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.8% in the fourth quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock worth $216,000 after purchasing an additional 145 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.1% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock worth $582,000 after purchasing an additional 147 shares during the last quarter. Acorn Wealth Advisors LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 0.7% during the third quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock worth $1,728,000 after purchasing an additional 152 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in iShares 1-3 Year Treasury Bond ETF by 0.6% in the third quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock valued at $2,199,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.26 on Tuesday. The company’s 50-day moving average price is $82.02 and its two-hundred day moving average price is $82.35. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The stock has a market capitalization of $23.06 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a yield of 4.09%.

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.