iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Position Raised by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC lifted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 15.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 192,217 shares of the company’s stock after purchasing an additional 25,035 shares during the period. iShares 1-3 Year Treasury Bond ETF comprises approximately 9.9% of Birchcreek Wealth Management LLC’s holdings, making the stock its biggest holding. Birchcreek Wealth Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $15,758,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHY. Captrust Financial Advisors lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after buying an additional 3,563,486 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of 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 worth $553,678,000 after buying an additional 1,193,337 shares in the last quarter. Barclays PLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 68.7% in the third quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock worth $229,417,000 after buying an additional 1,123,670 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 179.8% in the third quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after buying an additional 546,239 shares in the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter worth about $44,917,000. 23.15% of the stock is owned by hedge funds and other institutional investors.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.2 %

SHY stock opened at $82.24 on Monday. The company’s 50 day moving average is $82.01 and its 200 day moving average is $82.34. The stock has a market cap of $23.18 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.2735 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Monday, February 3rd.

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.