Strategic Investment Advisors MI Has $28.11 Million Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Strategic Investment Advisors MI grew its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 182.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 342,901 shares of the company’s stock after purchasing an additional 221,702 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up 3.0% of Strategic Investment Advisors MI’s portfolio, making the stock its 8th biggest position. Strategic Investment Advisors MI’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $28,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHY. Logan Capital Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth approximately $37,000. AlphaMark Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF in the fourth quarter valued at approximately $63,000. Global Trust Asset Management LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the third quarter worth $68,000. Creative Financial Designs Inc. ADV boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 23.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after acquiring an additional 167 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $76,000. 23.15% of the stock is currently owned by institutional investors.

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

NASDAQ SHY opened at $82.14 on Monday. The stock has a market cap of $23.02 billion, a P/E ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.91 and a 12-month high of $83.30. The company has a fifty day simple moving average of $82.02 and a two-hundred day simple moving average of $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.2804 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a yield of 4.10%.

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.