Broyhill Asset Management LLC Buys 21,509 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Broyhill Asset Management LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 26.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 102,717 shares of the company’s stock after purchasing an additional 21,509 shares during the period. iShares 1-3 Year Treasury Bond ETF accounts for 7.5% of Broyhill Asset Management LLC’s holdings, making the stock its biggest holding. Broyhill Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $8,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. TruWealth Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 4.5% in the fourth quarter. TruWealth Advisors LLC now owns 2,828 shares of the company’s stock worth $234,000 after buying an additional 121 shares during the period. Bryn Mawr Trust Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 2.3% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,644 shares of the company’s stock worth $467,000 after buying an additional 126 shares during the period. Savant Capital LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the fourth quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock valued at $737,000 after purchasing an additional 126 shares during the period. Onyx Bridge Wealth Group LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 2.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 5,268 shares of the company’s stock valued at $437,000 after purchasing an additional 128 shares during the period. Finally, Clientfirst Wealth Management LLC increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% during the third quarter. Clientfirst Wealth Management LLC now owns 11,689 shares of the company’s stock valued at $970,000 after purchasing an additional 133 shares during the period. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.07 on Friday. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a one year low of $81.86 and a one year high of $83.20. The stock’s fifty day moving average is $82.26 and its 200-day moving average is $82.61.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.2429 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 1st.

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.