Kelly Financial Group LLC Invests $2.04 Million in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Kelly Financial Group LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 24,923 shares of the company’s stock, valued at approximately $2,043,000. iShares 1-3 Year Treasury Bond ETF makes up 0.7% of Kelly Financial Group LLC’s portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock valued at $1,097,000 after acquiring an additional 1,938 shares during the period. Pinnacle Financial Partners Inc lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after purchasing an additional 22,721 shares during the last quarter. Zhang Financial LLC boosted its stake in iShares 1-3 Year Treasury Bond ETF by 17.1% during the 4th quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock valued at $1,041,000 after purchasing an additional 1,859 shares during the period. Purus Wealth Management LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 8.6% in the 4th quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock valued at $546,000 after buying an additional 530 shares during the last quarter. Finally, Zacks Investment Management grew its holdings in iShares 1-3 Year Treasury Bond ETF by 2.8% in the 3rd quarter. Zacks Investment Management now owns 359,137 shares of the company’s stock valued at $29,862,000 after buying an additional 9,784 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of SHY stock opened at $82.62 on Monday. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.91 and a 12 month high of $83.30. The firm has a market cap of $23.08 billion, a PE ratio of 3,755.45 and a beta of 0.03. The stock has a 50 day moving average of $82.06 and a 200-day moving average of $82.34.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.2735 per share. 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 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.