Bright Financial Advisors Inc. Invests $993,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Bright Financial Advisors Inc. acquired a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,167 shares of the company’s stock, valued at approximately $993,000. iShares 1-3 Year Treasury Bond ETF accounts for 0.7% of Bright Financial Advisors Inc.’s portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 8.4% in the 2nd quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock valued at $446,254,000 after buying an additional 422,978 shares during the period. Captrust Financial Advisors raised its stake in iShares 1-3 Year Treasury Bond ETF by 8.7% during the 1st quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock valued at $386,969,000 after acquiring an additional 379,718 shares during the last quarter. Pinebridge Investments L.P. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 7.3% during the fourth quarter. Pinebridge Investments L.P. now owns 4,093,000 shares of the company’s stock worth $335,790,000 after purchasing an additional 280,000 shares during the last quarter. Raymond James & Associates lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9.1% in the 2nd quarter. Raymond James & Associates now owns 3,021,899 shares of the company’s stock worth $246,738,000 after acquiring an additional 250,959 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 3,931.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,896,152 shares of the company’s stock valued at $155,560,000 after purchasing an additional 1,849,118 shares in the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY stock opened at $83.11 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.62 and a 1-year high of $83.24. The firm has a market capitalization of $24.65 billion, a PE ratio of 3,695.45 and a beta of 0.01. The business’s fifty day moving average price is $82.53 and its 200 day moving average price is $81.83.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.2883 per share. The ex-dividend date was Tuesday, September 3rd.

About iShares 1-3 Year Treasury Bond ETF

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.