iShares 1-3 Year Treasury Bond ETF $SHY Stock: Syntax Research Inc. Boosts Holdings

Syntax Research Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,869 shares of the company’s stock after buying an additional 14,672 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 9.9% of Syntax Research Inc.’s portfolio, making the stock its 3rd largest position. Syntax Research Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $13,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHY. Brickley Wealth Management boosted its stake in iShares 1-3 Year Treasury Bond ETF by 2.5% in the 3rd quarter. Brickley Wealth Management now owns 5,951 shares of the company’s stock worth $483,000 after purchasing an additional 147 shares during the period. M Holdings Securities Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $371,000. Shepherd Financial Partners LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 1.9% during the 3rd quarter. Shepherd Financial Partners LLC now owns 23,496 shares of the company’s stock worth $1,908,000 after purchasing an additional 431 shares in the last quarter. Buckhead Capital Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $534,000. Finally, StoneX Group Inc. acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $2,213,000. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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

SHY opened at $81.59 on Tuesday. The stock has a fifty day moving average of $81.37 and a 200-day moving average of $82.08. The firm has a market capitalization of $27.54 billion, a P/E ratio of 3,747.73 and a beta of 0.05. 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 Increases Dividend

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

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.