iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Shares Purchased by IFG Advisory LLC

IFG Advisory LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,058 shares of the company’s stock after acquiring an additional 855 shares during the period. IFG Advisory LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,230,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SHY. WestEnd Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the second quarter worth $30,000. Financial Connections Group Inc. purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $31,000. Criterion Capital Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at about $35,000. Future Financial Wealth Managment LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter valued at about $36,000. Finally, Mather Group LLC. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $39,000. 23.62% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ SHY opened at $82.80 on Friday. The stock has a market cap of $24.56 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The business’s fifty day simple moving average is $82.17 and its 200-day simple moving average is $81.71. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.62 and a 12-month high of $82.91.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.2725 per share. This represents a $3.27 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27.

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.