iShares 1-3 Year Treasury Bond ETF $SHY Stock Bought by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,081 shares of the company’s stock after purchasing an additional 10,105 shares during the quarter. Parallel Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $2,711,000. Flagship Wealth Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $74,000. Asset Dedication LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $53,000. LightSquare Wealth Management LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 27.0% during the third quarter. LightSquare Wealth Management LLC now owns 52,521 shares of the company’s stock valued at $4,265,000 after buying an additional 11,161 shares during the period. Finally, Mader & Shannon Wealth Management Inc. bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $17,687,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY stock opened at $81.63 on Friday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.95 and a 1-year high of $83.20. The business has a 50-day moving average price of $81.38 and a 200 day moving average price of $82.08. The company has a market capitalization of $27.55 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were given a dividend of $0.2544 per share. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $3.05 dividend on an annualized basis and a yield of 3.7%.

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.