Fortitude Advisory Group L.L.C. Has $221,000 Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Fortitude Advisory Group L.L.C. lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,699 shares of the company’s stock after buying an additional 241 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 72.7% in the third quarter. Captrust Financial Advisors now owns 8,465,842 shares of the company’s stock valued at $703,935,000 after acquiring an additional 3,563,486 shares during the last quarter. LPL Financial LLC increased its holdings in iShares 1-3 Year Treasury Bond ETF by 21.8% during the 3rd quarter. LPL Financial LLC now owns 6,658,791 shares of the company’s stock valued at $553,678,000 after purchasing an additional 1,193,337 shares in the last quarter. Barclays PLC raised its position in iShares 1-3 Year Treasury Bond ETF by 68.7% in the 3rd quarter. Barclays PLC now owns 2,759,067 shares of the company’s stock valued at $229,417,000 after purchasing an additional 1,123,670 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in iShares 1-3 Year Treasury Bond ETF by 179.8% in the third quarter. The Manufacturers Life Insurance Company now owns 849,985 shares of the company’s stock worth $70,676,000 after purchasing an additional 546,239 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the third quarter valued at $44,917,000. Institutional investors own 23.15% of the company’s stock.

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

Shares of NASDAQ:SHY opened at $82.26 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 1-year low of $80.91 and a 1-year high of $83.30. The stock has a market capitalization of $23.06 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The business has a 50-day moving average price of $82.02 and a two-hundred day moving average price of $82.35.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.2804 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.