Ballast Inc. Purchases 135,587 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Ballast Inc. raised its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 55.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 381,412 shares of the company’s stock after purchasing an additional 135,587 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for 5.7% of Ballast Inc.’s portfolio, making the stock its 4th largest position. Ballast Inc. owned 0.12% of iShares 1-3 Year Treasury Bond ETF worth $30,971,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 345.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock worth $26,000 after acquiring an additional 249 shares during the last quarter. Mather Group LLC. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $30,000. Weaver Capital Management LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the third quarter worth approximately $34,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter valued at $38,000. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock traded down $0.03 on Tuesday, reaching $81.28. 702,274 shares of the company’s stock traded hands, compared to its average volume of 4,249,974. The company has a market capitalization of $26.94 billion, a P/E ratio of 3,747.73 and a beta of 0.05. The business’s 50 day moving average price is $81.51 and its two-hundred day moving average price is $81.91. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.95 and a 12-month high of $83.20.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.2410 per share. This is a negative change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. The ex-dividend date was Thursday, October 1st. This represents a $2.89 annualized dividend and a dividend yield of 3.6%.

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.