Sterling Manor Financial LLC Has $6.27 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sterling Manor Financial LLC raised its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 75,788 shares of the company’s stock after acquiring an additional 6,564 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises about 4.5% of Sterling Manor Financial LLC’s investment portfolio, making the stock its 12th largest position. Sterling Manor Financial LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $6,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SHY. Accredited Wealth Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth $25,000. Godsey & Gibb Inc. bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $26,000. Millstone Evans Group LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter worth about $32,000. Carolinas Wealth Consulting LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 162.2% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 409 shares of the company’s stock valued at $34,000 after purchasing an additional 253 shares during the period. Finally, WestEnd Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $82.50 on Thursday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $81.41 and a fifty-two week high of $83.30. The stock has a 50 day simple moving average of $82.53 and a two-hundred day simple moving average of $82.35. The company has a market cap of $24.23 billion, a P/E ratio of 3,747.73 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st will be paid a $0.2641 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $3.17 annualized dividend and a dividend yield of 3.84%.

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.