Biltmore Family Office LLC Has $5.97 Million Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Biltmore Family Office LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,777 shares of the company’s stock after purchasing an additional 307 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises 1.0% of Biltmore Family Office LLC’s holdings, making the stock its 15th largest position. Biltmore Family Office LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of SHY. Golden State Wealth Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $30,000. Van ECK Associates Corp increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the fourth quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after buying an additional 187 shares in the last quarter. Millstone Evans Group LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at about $32,000. Roxbury Financial LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $36,000. Finally, Logan Capital Management Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $37,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.42 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The firm has a 50 day moving average price of $82.31 and a two-hundred day moving average price of $82.29. The firm has a market cap of $22.77 billion, a price-to-earnings ratio of 3,745.00 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st will be paid a $0.2798 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $3.36 annualized dividend and a dividend yield of 4.07%.

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.