Fortem Financial Group LLC Buys 313 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Fortem Financial Group LLC increased its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 0.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 89,020 shares of the company’s stock after purchasing an additional 313 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up approximately 2.8% of Fortem Financial Group LLC’s investment portfolio, making the stock its 6th largest position. Fortem Financial Group LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $7,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SHY. SPC Financial Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.3% in the third quarter. SPC Financial Inc. now owns 6,275 shares of the company’s stock valued at $522,000 after buying an additional 140 shares during the last quarter. Acorn Wealth Advisors LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 0.7% during the third quarter. Acorn Wealth Advisors LLC now owns 20,779 shares of the company’s stock worth $1,728,000 after purchasing an additional 152 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 0.6% in the third quarter. Rehmann Capital Advisory Group now owns 26,450 shares of the company’s stock valued at $2,199,000 after purchasing an additional 152 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.6% in the third quarter. D.A. Davidson & CO. now owns 9,837 shares of the company’s stock valued at $818,000 after purchasing an additional 153 shares during the period. Finally, Jordan Park Group LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.0% during the 2nd quarter. Jordan Park Group LLC now owns 15,896 shares of the company’s stock worth $1,298,000 after buying an additional 154 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

SHY remained flat at $81.96 on Monday. 1,813,289 shares of the company were exchanged, compared to its average volume of 2,835,586. The firm’s fifty day simple moving average is $82.05 and its two-hundred day simple moving average is $82.30. The firm has a market cap of $22.64 billion, a PE ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.91 and a twelve month high of $83.30.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.2804 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.11%.

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.