Stephens Group Asset Management LLC Purchases 6,093 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Stephens Group Asset Management LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 173.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,600 shares of the company’s stock after acquiring an additional 6,093 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 0.1% of Stephens Group Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Stephens Group Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. School Employees Retirement Board of Ohio purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $10,123,000. Eagle Asset Management Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% during the 3rd 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. TPG Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter worth approximately $295,000. Alternative Investment Advisors LLC. purchased a new position in iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $350,000. Finally, Park Avenue Securities LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 30.4% during the third quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock valued at $7,261,000 after purchasing an additional 20,384 shares during the period. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.05 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The business has a fifty day simple moving average of $82.01 and a two-hundred day simple moving average of $82.32. The company has a market capitalization of $22.79 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.