74,732 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Purchased by Abacus Planning Group Inc.

Abacus Planning Group Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 74,732 shares of the company’s stock, valued at approximately $6,192,000. iShares 1-3 Year Treasury Bond ETF makes up approximately 0.7% of Abacus Planning Group Inc.’s holdings, making the stock its 25th biggest position.

Several other large investors also recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 24.1% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,085 shares of the company’s stock worth $256,000 after buying an additional 600 shares in the last quarter. Vicus Capital increased its holdings in iShares 1-3 Year Treasury Bond ETF by 3.2% in the 2nd quarter. Vicus Capital now owns 18,492 shares of the company’s stock worth $1,532,000 after buying an additional 572 shares in the last quarter. Foundry Financial Group Inc. increased its holdings in iShares 1-3 Year Treasury Bond ETF by 14.4% in the 2nd quarter. Foundry Financial Group Inc. now owns 12,676 shares of the company’s stock worth $1,050,000 after buying an additional 1,593 shares in the last quarter. Woodward Diversified Capital LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 21.0% in the 2nd quarter. Woodward Diversified Capital LLC now owns 4,262 shares of the company’s stock worth $353,000 after buying an additional 740 shares in the last quarter. Finally, Dogwood Wealth Management LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 5.5% in the second quarter. Dogwood Wealth Management LLC now owns 84,670 shares of the company’s stock worth $6,977,000 after purchasing an additional 4,405 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.82 on Friday. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.01. The stock’s 50-day simple moving average is $82.80 and its two-hundred day simple moving average is $82.63. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.67 and a 52-week high of $83.12.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be given a $0.2563 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, 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.