SpiderRock Advisors LLC Takes Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

SpiderRock Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,823 shares of the company’s stock, valued at approximately $312,000.

Several other institutional investors have also added to or reduced their stakes in SHY. Cornell University purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth approximately $35,212,000. The Manufacturers Life Insurance Company lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 3,931.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock worth $155,560,000 after purchasing an additional 1,849,118 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $119,012,000. Cerity Partners LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 43.6% during the fourth quarter. Cerity Partners LLC now owns 2,450,100 shares of the company’s stock valued at $201,006,000 after purchasing an additional 744,074 shares during the period. Finally, Members Trust Co increased its stake in iShares 1-3 Year Treasury Bond ETF by 96.2% in the 1st quarter. Members Trust Co now owns 1,493,298 shares of the company’s stock worth $122,122,000 after buying an additional 732,321 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 %

SHY traded up $0.13 on Friday, reaching $81.63. 929,549 shares of the company traded hands, compared to its average volume of 3,955,709. The company has a market cap of $24.02 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm has a fifty day simple moving average of $81.41 and a two-hundred day simple moving average of $81.62. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.55 and a one year high of $82.39.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be issued a $0.2704 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.97%.

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.