Laurel Wealth Advisors LLC Purchases 7,472 Shares of iShares 1-3 Year Treasury Bond ETF $SHY

Laurel Wealth Advisors LLC increased its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 20.7% during the third quarter, Holdings Channel reports. The fund owned 43,639 shares of the company’s stock after purchasing an additional 7,472 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $3,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 345.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 321 shares of the company’s stock valued at $26,000 after purchasing an additional 249 shares during the last quarter. Mather Group LLC. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth about $28,000. Ashton Thomas Securities LLC bought a new position in iShares 1-3 Year Treasury Bond ETF in the 1st quarter worth about $30,000. Valley National Advisers Inc. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth about $32,000. Finally, Weaver Capital Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.0%

Shares of NASDAQ:SHY opened at $81.47 on Thursday. The firm’s 50 day moving average is $81.44 and its two-hundred day moving average is $82.13. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.95 and a 52 week high of $83.20. The firm has a market capitalization of $27.24 billion, a P/E ratio of 3,747.73 and a beta of 0.05.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.2410 per share. This is a drop from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.2440. This represents a $2.89 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, October 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.