Private Portfolio Partners LLC Acquires 439 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Private Portfolio Partners LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,757 shares of the company’s stock after buying an additional 439 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 0.7% of Private Portfolio Partners LLC’s holdings, making the stock its 29th biggest holding. Private Portfolio Partners LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,833,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SHY. First Wilshire Securities Management Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $224,000. Potomac Fund Management Inc. ADV bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $967,000. Discovery Capital Management LLC CT raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 6.0% in the 4th quarter. Discovery Capital Management LLC CT now owns 3,050 shares of the company’s stock worth $250,000 after purchasing an additional 172 shares during the last quarter. Alliance Wealth Management Group boosted its stake in iShares 1-3 Year Treasury Bond ETF by 6.8% in the 4th quarter. Alliance Wealth Management Group now owns 5,367 shares of the company’s stock worth $440,000 after purchasing an additional 341 shares in the last quarter. Finally, Lokken Investment Group LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 34.8% during the 4th quarter. Lokken Investment Group LLC now owns 6,808 shares of the company’s stock valued at $558,000 after purchasing an additional 1,757 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.48 on Wednesday. The company has a 50-day simple moving average of $82.30 and a two-hundred day simple moving average of $82.29. The stock has a market capitalization of $23.24 billion, a PE ratio of 3,745.00 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.91 and a 52-week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be given a $0.2798 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.36 annualized dividend and a yield of 4.07%.

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.