IFS Group LLC Takes Position in iShares 1-3 Year Treasury Bond ETF $SHY

IFS Group LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,500 shares of the company’s stock, valued at approximately $867,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bryn Mawr Trust Advisors LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 2.3% during the 4th 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 lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 1.4% in the 4th quarter. Savant Capital LLC now owns 8,894 shares of the company’s stock worth $737,000 after buying an additional 126 shares in the last quarter. Tower View Wealth Management LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 11.4% in the 1st quarter. Tower View Wealth Management LLC now owns 1,285 shares of the company’s stock valued at $106,000 after buying an additional 132 shares during the last quarter. Cahaba Wealth Management Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF by 0.5% in the 1st quarter. Cahaba Wealth Management Inc. now owns 25,095 shares of the company’s stock valued at $2,072,000 after buying an additional 133 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. boosted its position in iShares 1-3 Year Treasury Bond ETF by 1.2% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 11,275 shares of the company’s stock valued at $934,000 after buying an additional 138 shares during the last quarter. 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 iShares 1-3 Year Treasury Bond ETF stock opened at $81.99 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $81.76 and a 1-year high of $83.20. The company has a market capitalization of $25.45 billion, a PE ratio of 3,747.73 and a beta of 0.05. The business has a 50-day moving average of $82.00 and a 200-day moving average of $82.40.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.2383 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.