TFB Advisors LLC Purchases 11,757 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

TFB Advisors LLC boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 82.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,961 shares of the company’s stock after acquiring an additional 11,757 shares during the period. TFB Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHY. Captrust Financial Advisors increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after purchasing an additional 3,563,486 shares during the last quarter. LPL Financial LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 21.8% in the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after buying an additional 1,193,337 shares in the last quarter. Barclays PLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 68.7% in the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after buying an additional 1,123,670 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in iShares 1-3 Year Treasury Bond ETF by 179.8% in the third quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after buying an additional 546,239 shares in the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $44,917,000. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $81.99 on Wednesday. The firm has a market cap of $23.10 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The stock has a 50 day simple moving average of $82.02 and a two-hundred day simple moving average of $82.36. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2735 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

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.