Logan Capital Management Inc. Invests $37,000 in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Logan Capital Management Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 443 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors have also recently made changes to their positions in SHY. Guidance Capital Inc. grew its position in iShares 1-3 Year Treasury Bond ETF by 11.8% during the 2nd quarter. Guidance Capital Inc. now owns 3,401 shares of the company’s stock worth $280,000 after purchasing an additional 359 shares during the last quarter. Gradient Investments LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 1,316.2% during the second quarter. Gradient Investments LLC now owns 963 shares of the company’s stock valued at $79,000 after buying an additional 895 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 13.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 54,992 shares of the company’s stock valued at $4,490,000 after acquiring an additional 6,493 shares during the period. School Employees Retirement Board of Ohio purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter worth $10,123,000. Finally, Eagle Asset Management Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 17.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after acquiring an additional 1,938 shares during the period. Institutional investors and hedge funds own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.09 on Friday. The business’s 50-day simple moving average is $82.24 and its two-hundred day simple moving average is $82.25. The company has a market cap of $22.17 billion, a PE ratio of 3,695.45 and a beta of 0.01. 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.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, December 2nd were given a $0.2653 dividend. The ex-dividend date was Monday, December 2nd.

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.