New Harbor Financial Group LLC Makes New $46.77 Million Investment in iShares 1-3 Year Treasury Bond ETF $SHY

New Harbor Financial Group LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 575,960 shares of the company’s stock, valued at approximately $46,768,000. iShares 1-3 Year Treasury Bond ETF comprises 7.0% of New Harbor Financial Group LLC’s holdings, making the stock its 2nd largest position. New Harbor Financial Group LLC owned approximately 0.17% of iShares 1-3 Year Treasury Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Insight Advisors LLC PA purchased a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $281,000. Brookstone Capital Management purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $11,322,000. NBT Bank N.A. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $6,635,000. Investment House LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $2,770,000. Finally, Cadinha & Co. LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $290,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY traded down $0.02 during trading on Friday, hitting $81.50. The company’s stock had a trading volume of 3,485,977 shares, compared to its average volume of 4,246,632. The firm has a market cap of $27.27 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The company has a 50-day moving average of $81.47 and a 200-day moving average of $81.88. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.95 and a 12 month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.2410 per share. This is a decrease from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, October 1st.

iShares 1-3 Year Treasury Bond ETF 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.