Cooper Financial Group Raises Stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Cooper Financial Group lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,434 shares of the company’s stock after buying an additional 2,276 shares during the quarter. Cooper Financial Group’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,347,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SHY. Logan Capital Management Inc. purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $37,000. Global Trust Asset Management LLC acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $68,000. Creative Financial Designs Inc. ADV boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 23.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 883 shares of the company’s stock worth $73,000 after purchasing an additional 167 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $76,000. Finally, Bristlecone Advisors LLC purchased a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth $78,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ SHY traded up $0.01 during trading on Monday, hitting $81.84. 2,026,727 shares of the company were exchanged, compared to its average volume of 3,428,166. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30. The firm’s fifty day moving average price is $82.02 and its 200 day moving average price is $82.31.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.2804 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.11%.

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.