Napier Financial LLC Purchases Shares of 83,643 iShares 1-3 Year Treasury Bond ETF $SHY

Napier Financial LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 83,643 shares of the company’s stock, valued at approximately $6,927,000. iShares 1-3 Year Treasury Bond ETF comprises approximately 1.7% of Napier Financial LLC’s portfolio, making the stock its 18th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in iShares 1-3 Year Treasury Bond ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,609,701 shares of the company’s stock valued at $878,695,000 after acquiring an additional 467,629 shares during the last quarter. Arrowroot Family Office LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 28.6% in the fourth quarter. Arrowroot Family Office LLC now owns 9,771 shares of the company’s stock valued at $809,000 after acquiring an additional 2,173 shares during the last quarter. Modus Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 0.3% in the fourth quarter. Modus Advisors LLC now owns 69,489 shares of the company’s stock valued at $5,755,000 after acquiring an additional 238 shares during the last quarter. MCF Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at $25,000. Finally, Parallel Advisors LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 5.9% in the fourth quarter. Parallel Advisors LLC now owns 46,604 shares of the company’s stock valued at $3,860,000 after acquiring an additional 2,603 shares during the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ SHY opened at $81.86 on Monday. The firm has a 50-day moving average of $82.30 and a 200-day moving average of $82.64. The stock has a market cap of $25.07 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $81.86 and a 52-week high of $83.20.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a dividend of $0.2429 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.24.

iShares 1-3 Year Treasury Bond ETF Company 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.