iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 34.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,446 shares of the company’s stock after purchasing an additional 12,988 shares during the period. Merit Financial Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHY. Beacon Harbor Wealth Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $11,513,000. Benjamin Edwards Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 56.5% in the fourth quarter. Benjamin Edwards Inc. now owns 2,295 shares of the company’s stock worth $188,000 after acquiring an additional 829 shares during the period. First Horizon Advisors Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 395.7% in the fourth quarter. First Horizon Advisors Inc. now owns 99,772 shares of the company’s stock worth $8,185,000 after acquiring an additional 79,645 shares during the period. Fisher Asset Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 12.4% in the fourth quarter. Fisher Asset Management LLC now owns 153,331 shares of the company’s stock worth $12,579,000 after acquiring an additional 16,954 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 11.8% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 51,423 shares of the company’s stock worth $4,219,000 after acquiring an additional 5,423 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY traded up $0.13 during midday trading on Friday, hitting $81.30. 4,960,204 shares of the stock were exchanged, compared to its average volume of 4,570,730. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.55 and a 52-week high of $82.60. The stock has a fifty day simple moving average of $81.47 and a 200 day simple moving average of $81.56. The firm has a market cap of $24.42 billion, a P/E ratio of 3,690.68 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.2616 per share. The ex-dividend date is Wednesday, May 1st. This represents a $3.14 annualized dividend and a dividend yield of 3.86%.

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.