Ballast Inc. Purchases 2,779 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Ballast Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,021 shares of the company’s stock after buying an additional 2,779 shares during the quarter. iShares 1-3 Year Treasury Bond ETF comprises 3.5% of Ballast Inc.’s holdings, making the stock its 10th biggest position. Ballast Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $12,381,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. School Employees Retirement Board of Ohio acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 3rd quarter valued at $10,123,000. Eagle Asset Management Inc. lifted its position in iShares 1-3 Year Treasury Bond ETF by 17.0% during the third quarter. Eagle Asset Management Inc. now owns 13,369 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,938 shares during the period. TPG Advisors LLC acquired a new stake in iShares 1-3 Year Treasury Bond ETF during the second quarter worth about $295,000. Alternative Investment Advisors LLC. bought a new position in iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $350,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 30.4% during the 3rd quarter. Park Avenue Securities LLC now owns 87,329 shares of the company’s stock worth $7,261,000 after acquiring an additional 20,384 shares during the period. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Down 0.0 %

NASDAQ SHY opened at $82.08 on Friday. The firm’s 50 day simple moving average is $82.01 and its 200 day simple moving average is $82.32. The firm has a market capitalization 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.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.2804 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.36 annualized dividend and a dividend yield of 4.10%.

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.