HighTower Advisors LLC Raises Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

HighTower Advisors LLC lifted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 14.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 896,824 shares of the company’s stock after purchasing an additional 113,220 shares during the period. HighTower Advisors LLC owned about 0.33% of iShares 1-3 Year Treasury Bond ETF worth $74,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in iShares 1-3 Year Treasury Bond ETF by 72.7% in the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after purchasing an additional 3,563,486 shares during the period. LPL Financial LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 21.8% during the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock worth $553,678,000 after acquiring an additional 1,193,337 shares during the last quarter. Bank of Montreal Can grew its stake in iShares 1-3 Year Treasury Bond ETF by 0.8% during the third quarter. Bank of Montreal Can now owns 5,135,345 shares of the company’s stock valued at $427,620,000 after acquiring an additional 41,969 shares in the last quarter. Raymond James & Associates grew its stake in iShares 1-3 Year Treasury Bond ETF by 9.1% during the second quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock valued at $246,738,000 after acquiring an additional 250,959 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 5.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,658,189 shares of the company’s stock worth $135,391,000 after purchasing an additional 83,881 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Up 0.0 %

SHY opened at $82.06 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The firm has a 50-day simple moving average of $82.37 and a two-hundred day simple moving average of $82.21. The company has a market capitalization of $22.51 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.2653 per share. The ex-dividend date of this dividend is Monday, December 2nd.

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.