iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Position Increased by Private Management Group Inc.

Private Management Group Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.2% during the 4th quarter, Holdings Channel reports. The fund owned 207,287 shares of the company’s stock after purchasing an additional 10,261 shares during the period. Private Management Group Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $17,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in SHY. Fulcrum Equity Management acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $472,000. Hsbc Holdings PLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 614,149 shares of the company’s stock valued at $49,730,000 after purchasing an additional 7,431 shares during the period. Spreng Capital Management Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 5.3% during the 4th quarter. Spreng Capital Management Inc. now owns 29,109 shares of the company’s stock valued at $2,388,000 after purchasing an additional 1,461 shares during the period. Element Wealth LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 25.7% during the 4th quarter. Element Wealth LLC now owns 21,945 shares of the company’s stock valued at $1,800,000 after purchasing an additional 4,488 shares during the period. Finally, Sarasin & Partners LLP acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at $1,151,000. Institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock traded up $0.07 during mid-day trading on Tuesday, hitting $81.28. 3,614,428 shares of the stock traded hands, compared to its average volume of 4,564,912. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.55 and a twelve month high of $82.60. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of 3,690.68 and a beta of 0.01. The company’s 50-day simple moving average is $81.54 and its 200-day simple moving average is $81.56.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2705 per share. This represents a $3.25 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Monday, April 1st.

About iShares 1-3 Year Treasury Bond ETF

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.