Bright Financial Advisors Inc. Buys New Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Bright Financial Advisors Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 2nd quarter, Holdings Channel reports. The firm purchased 12,167 shares of the company’s stock, valued at approximately $993,000. iShares 1-3 Year Treasury Bond ETF makes up approximately 0.7% of Bright Financial Advisors Inc.’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds also recently bought and sold shares of SHY. WestEnd Advisors LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at about $30,000. Financial Connections Group Inc. acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at approximately $31,000. Criterion Capital Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter valued at $35,000. Future Financial Wealth Managment LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the first quarter worth about $36,000. Finally, Mather Group LLC. bought a new position in iShares 1-3 Year Treasury Bond ETF during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

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 fifty day moving average price of $82.53 and a two-hundred day moving average price of $81.83. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

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