Scarborough Advisors LLC Purchases New Shares in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Scarborough Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 777 shares of the company’s stock, valued at approximately $64,000.

A number of other institutional investors have also added to or reduced their stakes in SHY. Fortitude Family Office LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 4th quarter valued at approximately $45,000. Cedar Mountain Advisors LLC purchased a new position in iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $55,000. Vestor Capital LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 28.8% in the fourth quarter. Vestor Capital LLC now owns 684 shares of the company’s stock worth $56,000 after buying an additional 153 shares in the last quarter. Financial Gravity Asset Management Inc. grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 771.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock valued at $57,000 after buying an additional 625 shares during the last quarter. Finally, Glassman Wealth Services bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at approximately $59,000. Institutional investors own 23.62% of the company’s stock.

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

SHY stock opened at $81.53 on Tuesday. The stock’s 50 day simple moving average is $81.31 and its 200 day simple moving average is $81.63. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.55 and a 12-month high of $82.39. The stock has a market capitalization of $24.49 billion, a PE ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.2621 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Monday, June 3rd.

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.