Objective Capital Management LLC Takes Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Objective Capital Management LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,666 shares of the company’s stock, valued at approximately $1,303,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SHY. Cerity Partners OCIO LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $129,075,000. SG Americas Securities LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,533.3% in the second quarter. SG Americas Securities LLC now owns 522,140 shares of the company’s stock valued at $42,633,000 after buying an additional 490,171 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.4% in the second quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock valued at $446,254,000 after buying an additional 422,978 shares in the last quarter. Captrust Financial Advisors increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.7% in the first quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after buying an additional 379,718 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 75.5% in the second quarter. Renaissance Technologies LLC now owns 847,878 shares of the company’s stock valued at $69,229,000 after buying an additional 364,878 shares in the last quarter. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY traded down $0.06 during trading on Friday, reaching $82.07. The stock had a trading volume of 3,934,961 shares, compared to its average volume of 4,068,444. The business has a fifty day moving average price of $82.69 and a 200-day moving average price of $82.11. The stock has a market cap of $22.17 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.2831 per share. The ex-dividend date was Friday, November 1st. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.