iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Bought by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC grew its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,916 shares of the company’s stock after acquiring an additional 136 shares during the period. Hobbs Group Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $813,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 51.6% in the fourth quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock valued at $8,840,000 after purchasing an additional 36,585 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at $719,000. Pinnacle Financial Partners Inc lifted its position in iShares 1-3 Year Treasury Bond ETF by 12.1% in the fourth quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock valued at $17,316,000 after acquiring an additional 22,721 shares during the last quarter. Zhang Financial LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% during the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,859 shares during the last quarter. Finally, Purus Wealth Management LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 8.6% during the fourth quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock worth $546,000 after purchasing an additional 530 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.67 on Friday. The stock has a 50-day simple moving average of $82.28 and a 200-day simple moving average of $82.31. The company has a market capitalization of $23.30 billion, a P/E ratio of 3,745.00 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.2531 per share. The ex-dividend date was Monday, March 3rd.

About iShares 1-3 Year Treasury Bond ETF

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.