Flagstar Advisors Inc. Has $383,000 Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Flagstar Advisors Inc. reduced its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 21.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,608 shares of the company’s stock after selling 1,246 shares during the period. Flagstar Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $383,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. 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 valued at $553,678,000 after purchasing an additional 1,193,337 shares in the last quarter. Captrust Financial Advisors boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 8.7% during the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock worth $386,969,000 after acquiring an additional 379,718 shares during the last quarter. Raymond James & Associates boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 9.1% during the 2nd quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock worth $246,738,000 after acquiring an additional 250,959 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,658,189 shares of the company’s stock worth $135,391,000 after acquiring an additional 83,881 shares in the last quarter. Finally, Cerity Partners OCIO LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at about $129,075,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.01 on Friday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The firm has a market capitalization of $22.15 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The company’s 50-day moving average is $82.51 and its 200 day moving average is $82.17.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.2831 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%. This is a boost 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.