Gladstone Institutional Advisory LLC Buys 26,176 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Gladstone Institutional Advisory LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 644.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,240 shares of the company’s stock after purchasing an additional 26,176 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,479,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SHY. School Employees Retirement Board of Ohio bought a new position in iShares 1-3 Year Treasury Bond ETF in the third quarter worth approximately $10,123,000. Eagle Asset Management Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,938 shares during the period. Zhang Financial LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% in the 4th quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,859 shares in the last quarter. Purus Wealth Management LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 8.6% in the 4th quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock valued at $546,000 after purchasing an additional 530 shares during the period. Finally, Zacks Investment Management increased its stake in iShares 1-3 Year Treasury Bond ETF by 2.8% during the 3rd quarter. Zacks Investment Management now owns 359,137 shares of the company’s stock valued at $29,862,000 after purchasing an additional 9,784 shares in the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

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

SHY opened at $81.88 on Thursday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The company’s fifty day moving average price is $82.02 and its two-hundred day moving average price is $82.36.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.2735 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27.

iShares 1-3 Year Treasury Bond ETF 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.