Magnus Financial Group LLC Purchases 31,538 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Magnus Financial Group LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 613.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,679 shares of the company’s stock after acquiring an additional 31,538 shares during the period. Magnus Financial Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. School Employees Retirement Board of Ohio purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at about $10,123,000. Eagle Asset Management Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% in the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,938 shares during the last quarter. Alternative Investment Advisors LLC. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $350,000. Park Avenue Securities LLC raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 30.4% during the 3rd quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock valued at $7,261,000 after buying an additional 20,384 shares in the last quarter. Finally, Bridge Advisory LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 19.2% during the third quarter. Bridge Advisory LLC now owns 10,998 shares of the company’s stock worth $914,000 after purchasing an additional 1,774 shares during the last quarter. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.11 on Wednesday. The stock has a market capitalization of $22.99 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The firm’s 50 day simple moving average is $82.01 and its two-hundred day simple moving average is $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.2804 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Wednesday, December 18th.

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.