Crescent Grove Advisors LLC Buys 7,915 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Crescent Grove Advisors LLC grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 31.0% in the third quarter, HoldingsChannel reports. The fund owned 33,409 shares of the company’s stock after acquiring an additional 7,915 shares during the period. Crescent Grove Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,778,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHY. WestEnd Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the second quarter valued at $30,000. Financial Connections Group Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $31,000. Rational Advisors LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $67,000. Global Trust Asset Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $68,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after buying an additional 167 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY opened at $82.09 on Wednesday. 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. The firm has a market capitalization of $22.17 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The company’s 50 day simple moving average is $82.74 and its 200 day simple moving average is $82.10.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be paid a $0.2831 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.14%. This is an increase 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.