iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) is GM Advisory Group LLC’s 7th Largest Position

GM Advisory Group LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 8.3% in the third quarter, HoldingsChannel reports. The fund owned 670,916 shares of the company’s stock after buying an additional 51,470 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 3.3% of GM Advisory Group LLC’s portfolio, making the stock its 7th largest position. GM Advisory Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $55,787,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. LPL Financial LLC boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 21.8% in the third quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after acquiring an additional 1,193,337 shares during the last quarter. Captrust Financial Advisors increased its position in iShares 1-3 Year Treasury Bond ETF by 8.7% during the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock worth $386,969,000 after purchasing an additional 379,718 shares in the last quarter. Raymond James & Associates increased its position in iShares 1-3 Year Treasury Bond ETF by 9.1% during the 2nd quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock worth $246,738,000 after purchasing an additional 250,959 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 5.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,658,189 shares of the company’s stock valued at $135,391,000 after buying an additional 83,881 shares in the last quarter. Finally, Cerity Partners OCIO LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth approximately $129,075,000. 23.62% of the stock is owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0 %

Shares of SHY stock opened at $82.02 on Friday. The company has a market cap of $22.15 billion, a PE ratio of 3,695.45 and a beta of 0.01. The company’s fifty day simple moving average is $82.54 and its 200-day simple moving average is $82.16. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.2831 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. This represents a $3.40 annualized dividend and a yield of 4.14%.

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.