SBI Securities Co. Ltd. Invests $703,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

SBI Securities Co. Ltd. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,572 shares of the company’s stock, valued at approximately $703,000.

Several other institutional investors have also modified their holdings of SHY. Pinnacle Associates Ltd. boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 4,712 shares of the company’s stock worth $387,000 after acquiring an additional 401 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in iShares 1-3 Year Treasury Bond ETF by 23.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock valued at $73,000 after buying an additional 167 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at approximately $338,000. Janney Montgomery Scott LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 9.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 100,109 shares of the company’s stock valued at $8,324,000 after buying an additional 8,717 shares in the last quarter. Finally, Retirement Financial Solutions LLC lifted its stake in iShares 1-3 Year Treasury Bond ETF by 0.4% in the 3rd quarter. Retirement Financial Solutions LLC now owns 53,924 shares of the company’s stock valued at $4,484,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY stock opened at $82.42 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The stock’s 50 day moving average price is $82.08 and its 200 day moving average price is $82.34. The firm has a market cap of $23.02 billion, a P/E ratio of 3,755.45 and a beta of 0.03.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be paid a $0.2531 dividend. The ex-dividend date is Monday, March 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.