iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Acquired by TFC Financial Management Inc.

TFC Financial Management Inc. increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 861,377 shares of the company’s stock after purchasing an additional 39,456 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up about 11.2% of TFC Financial Management Inc.’s holdings, making the stock its 3rd biggest position. TFC Financial Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $70,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHY. Golden State Wealth Management LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter worth about $30,000. Van ECK Associates Corp lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% in the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock valued at $32,000 after acquiring an additional 187 shares during the last quarter. Logan Capital Management Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at about $37,000. AlphaMark Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $63,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at about $64,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $81.88 on Thursday. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The business’s 50 day moving average price is $82.02 and its two-hundred day moving average price is $82.36. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.2735 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

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.