First Wilshire Securities Management Inc. Takes $224,000 Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

First Wilshire Securities Management Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,729 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SHY. Hobbs Group Advisors LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Hobbs Group Advisors LLC now owns 9,916 shares of the company’s stock worth $813,000 after purchasing an additional 136 shares during the last quarter. Blueprint Investment Partners LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 2.2% during the fourth quarter. Blueprint Investment Partners LLC now owns 6,666 shares of the company’s stock valued at $546,000 after purchasing an additional 142 shares during the period. Center For Asset Management LLC increased its position in iShares 1-3 Year Treasury Bond ETF by 5.8% in the fourth quarter. Center For Asset Management LLC now owns 2,636 shares of the company’s stock worth $216,000 after buying an additional 145 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 2.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 7,093 shares of the company’s stock valued at $582,000 after buying an additional 147 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake 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 buying an additional 152 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

SHY stock opened at $82.48 on Wednesday. The stock has a fifty day moving average of $82.30 and a 200-day moving average of $82.29. 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 company has a market capitalization of $23.24 billion, a price-to-earnings ratio of 3,745.00 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.2798 per share. This represents a $3.36 annualized dividend and a yield of 4.07%. The ex-dividend date is Tuesday, April 1st.

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.