PKS Advisory Services LLC Makes New $1.38 Million Investment in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

PKS Advisory Services LLC bought a new position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the fourth quarter, Holdings Channel reports. The institutional investor bought 16,856 shares of the company’s stock, valued at approximately $1,382,000.

Several other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 11,520.9% in the fourth quarter. Proficio Capital Partners LLC now owns 8,244,236 shares of the company’s stock valued at $675,862,000 after purchasing an additional 8,173,293 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $389,029,000. Captrust Financial Advisors increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock worth $703,935,000 after buying an additional 3,563,486 shares during the last quarter. Essential Planning LLC. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 4,992.9% during the 4th quarter. Essential Planning LLC. now owns 2,454,066 shares of the company’s stock valued at $201,794,000 after buying an additional 2,405,880 shares during the period. Finally, Assetmark Inc. raised its position in shares of iShares 1-3 Year Treasury Bond ETF by 94.0% during the 4th quarter. Assetmark Inc. now owns 4,075,986 shares of the company’s stock valued at $334,149,000 after buying an additional 1,975,432 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of iShares 1-3 Year Treasury Bond ETF stock opened at $82.47 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.91 and a fifty-two week high of $83.30. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 3,745.00 and a beta of 0.01. The stock has a 50 day moving average of $82.24 and a 200 day moving average of $82.31.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2531 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.