28,134 Shares in iShares 1-3 Year Treasury Bond ETF $SHY Acquired by Independent Financial Group LLC

Independent Financial Group LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,134 shares of the company’s stock, valued at approximately $2,323,000.

Several other large investors also recently bought and sold shares of SHY. Prosperity Consulting Group LLC boosted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 15.3% in the first quarter. Prosperity Consulting Group LLC now owns 9,443 shares of the company’s stock valued at $780,000 after purchasing an additional 1,250 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in iShares 1-3 Year Treasury Bond ETF by 22.8% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 5,794 shares of the company’s stock valued at $478,000 after purchasing an additional 1,075 shares in the last quarter. Financial Harvest LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 2.7% during the 1st quarter. Financial Harvest LLC now owns 23,088 shares of the company’s stock worth $1,906,000 after buying an additional 601 shares during the period. Wealthfront Advisers LLC increased its stake in iShares 1-3 Year Treasury Bond ETF by 35.8% during the 1st quarter. Wealthfront Advisers LLC now owns 1,014,778 shares of the company’s stock worth $83,790,000 after buying an additional 267,633 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 15.6% in the 1st quarter. D.A. Davidson & CO. now owns 152,471 shares of the company’s stock worth $12,590,000 after buying an additional 20,580 shares in the last quarter. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $81.99 on Friday. The company’s fifty day moving average price is $82.04 and its two-hundred day moving average price is $82.46. The firm has a market capitalization of $25.61 billion, a P/E ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $81.79 and a 12 month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.2383 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.