iShares 1-3 Year Treasury Bond ETF $SHY is Morris Financial Concepts Inc.’s 5th Largest Position

Morris Financial Concepts Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,371 shares of the company’s stock after buying an additional 5,698 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises 3.5% of Morris Financial Concepts Inc.’s portfolio, making the stock its 5th largest holding. Morris Financial Concepts Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mutual Advisors LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 10.7% during the 2nd quarter. Mutual Advisors LLC now owns 102,038 shares of the company’s stock valued at $8,423,000 after buying an additional 9,891 shares in the last quarter. SFG Wealth Management LLC. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $2,144,000. Aries Wealth Management boosted its stake in iShares 1-3 Year Treasury Bond ETF by 16.9% during the second quarter. Aries Wealth Management now owns 39,397 shares of the company’s stock valued at $3,264,000 after buying an additional 5,707 shares during the period. JGP Wealth Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 202.5% during the second quarter. JGP Wealth Management LLC now owns 47,089 shares of the company’s stock valued at $3,902,000 after buying an additional 31,523 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 73.3% during the second quarter. Sagespring Wealth Partners LLC now owns 6,574 shares of the company’s stock valued at $545,000 after buying an additional 2,781 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ:SHY opened at $83.03 on Wednesday. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.67 and a 52-week high of $83.12. The stock has a fifty day moving average of $82.84 and a 200 day moving average of $82.65.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a dividend of $0.2563 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.7%.

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.