Buttonwood Financial Advisors Inc. Buys 8,754 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Buttonwood Financial Advisors Inc. lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 14.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 70,091 shares of the company’s stock after buying an additional 8,754 shares during the quarter. iShares 1-3 Year Treasury Bond ETF makes up about 2.5% of Buttonwood Financial Advisors Inc.’s holdings, making the stock its 10th biggest holding. Buttonwood Financial Advisors Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $5,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC grew its holdings in iShares 1-3 Year Treasury Bond ETF by 24.8% during the 2nd quarter. Millennium Management LLC now owns 63,463 shares of the company’s stock worth $5,182,000 after acquiring an additional 12,625 shares during the last quarter. Ascent Group LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 3.0% during the second quarter. Ascent Group LLC now owns 76,010 shares of the company’s stock valued at $6,206,000 after purchasing an additional 2,180 shares during the last quarter. Creative Planning grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.1% during the second quarter. Creative Planning now owns 176,157 shares of the company’s stock valued at $14,383,000 after purchasing an additional 1,947 shares during the last quarter. Ted Buchan & Co acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the second quarter valued at approximately $10,960,000. Finally, Cetera Investment Advisers raised its position in iShares 1-3 Year Treasury Bond ETF by 7.5% in the 2nd quarter. Cetera Investment Advisers now owns 580,786 shares of the company’s stock worth $47,421,000 after purchasing an additional 40,358 shares during the last quarter. Institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

NASDAQ SHY opened at $82.14 on Monday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The stock has a market capitalization of $23.02 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The stock has a fifty day moving average of $82.02 and a 200-day moving average of $82.34.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

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

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.