Smith Thornton Advisors LLC Grows Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Smith Thornton Advisors LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,669 shares of the company’s stock after buying an additional 820 shares during the period. Smith Thornton Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $887,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SHY. WestEnd Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter worth about $30,000. Financial Connections Group Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter worth approximately $31,000. Rational Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter valued at approximately $67,000. Global Trust Asset Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $68,000. Finally, Creative Financial Designs Inc. ADV lifted its position in iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.2 %

Shares of NASDAQ:SHY opened at $82.13 on Friday. The stock has a market capitalization of $22.18 billion, a PE ratio of 3,695.45 and a beta of 0.01. The firm’s 50 day moving average price is $82.72 and its 200-day moving average price is $82.10. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.2831 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 dividend on an annualized basis and a yield of 4.14%.

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.