Sigma Planning Corp Acquires New Shares in iShares 1-3 Year Treasury Bond ETF $SHY

Sigma Planning Corp purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 335,881 shares of the company’s stock, valued at approximately $27,274,000. iShares 1-3 Year Treasury Bond ETF makes up about 0.7% of Sigma Planning Corp’s holdings, making the stock its 17th largest holding.

Several other institutional investors also recently bought and sold shares of SHY. Whittier Trust Co. of Nevada Inc. grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the period. Mather Group LLC. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at approximately $30,000. Valley National Advisers Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $32,000. Finally, Weaver Capital Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $34,000. 23.15% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $81.50 on Monday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.95 and a 1-year high of $83.20. The firm has a 50-day simple moving average of $81.47 and a two-hundred day simple moving average of $81.88. The stock has a market cap of $27.27 billion, a PE ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.2410 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 dividend on an annualized basis and a dividend 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.