Christensen King & Associates Investment Services Inc. Purchases 3,820 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Christensen King & Associates Investment Services Inc. lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 17.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,565 shares of the company’s stock after acquiring an additional 3,820 shares during the period. iShares 1-3 Year Treasury Bond ETF makes up 1.0% of Christensen King & Associates Investment Services Inc.’s holdings, making the stock its 24th biggest holding. Christensen King & Associates Investment Services Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,090,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinnacle Wealth Management Group Inc. raised its position in iShares 1-3 Year Treasury Bond ETF by 4.7% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 7,407 shares of the company’s stock valued at $607,000 after purchasing an additional 330 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 14.0% during the fourth quarter. AdvisorNet Financial Inc now owns 164,623 shares of the company’s stock valued at $13,496,000 after purchasing an additional 20,176 shares during the last quarter. Peddock Capital Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $363,000. Harbour Capital Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth $315,000. Finally, Cooper Financial Group lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 16.1% in the fourth quarter. Cooper Financial Group now owns 16,434 shares of the company’s stock worth $1,347,000 after buying an additional 2,276 shares in the last quarter. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $81.85 on Tuesday. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The business has a 50 day simple moving average of $82.01 and a 200-day simple moving average of $82.32.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.2804 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a yield of 4.11%.

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.