Peddock Capital Advisors LLC Acquires 7,929 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Peddock Capital Advisors LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,929 shares of the company’s stock, valued at approximately $644,000.

Several other institutional investors have also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 345.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the period. Mather Group LLC. purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the first quarter valued at $30,000. Weaver Capital Management LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $34,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1%

Shares of NASDAQ SHY traded up $0.07 during trading on Friday, reaching $81.36. 3,277,864 shares of the company traded hands, compared to its average volume of 4,272,240. The firm’s fifty day simple moving average is $81.52 and its 200 day simple moving average is $81.92. The stock has a market cap of $26.93 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.2410 dividend. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.6%.

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.