Lido Advisors LLC Buys New Position in iShares 1-3 Year Treasury Bond ETF $SHY

Lido Advisors LLC bought a new stake in shares of 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 and Exchange Commission. The firm bought 953,234 shares of the company’s stock, valued at approximately $77,403,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Keybank National Association OH purchased a new position in iShares 1-3 Year Treasury Bond ETF during the third quarter valued at $38,778,000. Csenge Advisory Group grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 40.9% in the third quarter. Csenge Advisory Group now owns 7,933 shares of the company’s stock valued at $644,000 after purchasing an additional 2,304 shares during the period. Pinion Investment Advisors LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 1,192.3% in the third quarter. Pinion Investment Advisors LLC now owns 46,149 shares of the company’s stock valued at $3,747,000 after purchasing an additional 42,578 shares during the period. Simplex Trading LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at about $505,000. Finally, Vestor Capital LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $1,370,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.3%

SHY stock opened at $81.32 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The firm has a 50-day simple moving average of $81.36 and a 200-day simple moving average of $82.07. The stock has a market capitalization of $27.45 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 company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.2544 dividend. This represents a $3.05 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, November 2nd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2410.

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.