Savvy Advisors Inc. Invests $1.43 Million in iShares 1-3 Year Treasury Bond ETF $SHY

Savvy Advisors Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,267 shares of the company’s stock, valued at approximately $1,430,000.

Other large investors have also modified their holdings of the company. Harbor Investment Advisory LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 16.7% during the third quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock worth $3,740,000 after acquiring an additional 6,436 shares during the last quarter. First Horizon Corp acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $2,116,000. Cadence Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $5,524,000. Childress Capital Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth about $896,000. Finally, JARISLOWSKY FRASER Ltd lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 66.9% during the third quarter. JARISLOWSKY FRASER Ltd now owns 41,528 shares of the company’s stock worth $3,445,000 after purchasing an additional 16,647 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Down 0.1%

iShares 1-3 Year Treasury Bond ETF stock opened at $82.28 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $82.21 and a 52 week high of $83.20. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 3,747.73 and a beta of 0.05. The stock has a 50-day moving average price of $82.73 and a 200 day moving average price of $82.83.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st will be issued a dividend of $0.2469 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, April 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.