iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) is Morris Financial Concepts Inc.’s 6th Largest Position

Morris Financial Concepts Inc. grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,653 shares of the company’s stock after buying an additional 7,799 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 3.4% of Morris Financial Concepts Inc.’s investment portfolio, making the stock its 6th largest position. Morris Financial Concepts Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Occidental Asset Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $261,000. Zhang Financial LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 4.8% during the third quarter. Zhang Financial LLC now owns 10,842 shares of the company’s stock worth $902,000 after purchasing an additional 499 shares in the last quarter. Brady Family Wealth LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 3.2% during the third quarter. Brady Family Wealth LLC now owns 49,841 shares of the company’s stock worth $4,144,000 after purchasing an additional 1,549 shares in the last quarter. Asset Dedication LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.4% during the third quarter. Asset Dedication LLC now owns 2,162 shares of the company’s stock worth $180,000 after purchasing an additional 168 shares in the last quarter. Finally, Market Street Wealth Management Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $218,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ SHY opened at $81.88 on Thursday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The stock’s fifty day moving average is $82.02 and its two-hundred day moving average is $82.36. The firm has a market capitalization of $23.07 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.2735 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Monday, February 3rd.

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.