L.K. Benson & Company P.C. Buys Shares of 5,664 iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

L.K. Benson & Company P.C. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 5,664 shares of the company’s stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 11,520.9% in the 4th quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock worth $675,862,000 after purchasing an additional 8,173,293 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $389,029,000. Captrust Financial Advisors increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after acquiring an additional 3,563,486 shares during the period. Essential Planning LLC. lifted its position in iShares 1-3 Year Treasury Bond ETF by 4,992.9% during the 4th quarter. Essential Planning LLC. now owns 2,454,066 shares of the company’s stock worth $201,794,000 after acquiring an additional 2,405,880 shares during the period. Finally, Assetmark Inc. grew its stake in iShares 1-3 Year Treasury Bond ETF by 94.0% during the 4th quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock valued at $334,149,000 after purchasing an additional 1,975,432 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.39 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 3,745.00 and a beta of 0.01. The business has a 50-day moving average price of $82.19 and a 200-day moving average price of $82.32.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.2531 dividend. The ex-dividend date was Monday, March 3rd.

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.