iShares 1-3 Year Treasury Bond ETF $SHY Stock: Pinion Investment Advisors LLC Raises Holdings

Pinion Investment Advisors LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1,192.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,149 shares of the company’s stock after purchasing an additional 42,578 shares during the period. Pinion Investment Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,747,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Apella Capital LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 327.6% during the 3rd quarter. Apella Capital LLC now owns 152,694 shares of the company’s stock valued at $12,393,000 after buying an additional 116,984 shares during the period. Baird Financial Group Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 5.5% during the 2nd quarter. Baird Financial Group Inc. now owns 303,706 shares of the company’s stock valued at $24,937,000 after acquiring an additional 15,954 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth $1,140,000. Silicon Valley Capital Partners increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 12.5% in the second quarter. Silicon Valley Capital Partners now owns 576,059 shares of the company’s stock worth $47,300,000 after acquiring an additional 64,060 shares during the last quarter. Finally, Israel Discount Bank of New York increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 112.1% in the third quarter. Israel Discount Bank of New York now owns 53,155 shares of the company’s stock worth $4,316,000 after acquiring an additional 28,088 shares during the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0%

Shares of NASDAQ:SHY opened at $81.59 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.95 and a 1 year high of $83.20. The business has a fifty day simple moving average of $81.37 and a 200 day simple moving average of $82.08. The firm has a market cap of $27.54 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.2544 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 3.7%. This is an increase from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date was Monday, November 2nd.

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.