Prospera Financial Services Inc Acquires 8,780 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Prospera Financial Services Inc raised its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 51,350 shares of the company’s stock after acquiring an additional 8,780 shares during the period. Prospera Financial Services Inc’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,270,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SHY. Whalen Wealth Management Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 3.4% during the third quarter. Whalen Wealth Management Inc. now owns 350,498 shares of the company’s stock valued at $29,144,000 after purchasing an additional 11,596 shares during the period. Pathstone Holdings LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 0.3% in the 3rd quarter. Pathstone Holdings LLC now owns 698,117 shares of the company’s stock worth $58,048,000 after purchasing an additional 2,282 shares during the period. Nixon Peabody Trust Co. purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at $2,122,000. J. W. Coons Advisors LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 9.2% during the 3rd quarter. J. W. Coons Advisors LLC now owns 16,851 shares of the company’s stock valued at $1,401,000 after buying an additional 1,422 shares during the period. Finally, ETF Store Inc. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 10.1% in the 3rd quarter. ETF Store Inc. now owns 4,987 shares of the company’s stock worth $415,000 after buying an additional 458 shares during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.08 on Wednesday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The business has a fifty day moving average of $82.58 and a 200 day moving average of $82.16. The firm has a market capitalization of $22.17 billion, a P/E ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

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

iShares 1-3 Year Treasury Bond ETF 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.