60,745 Shares in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Purchased by Eq LLC

Eq LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) in the 4th quarter, Holdings Channel.com reports. The firm acquired 60,745 shares of the company’s stock, valued at approximately $4,980,000. iShares 1-3 Year Treasury Bond ETF accounts for about 2.3% of Eq LLC’s holdings, making the stock its 14th biggest position.

Other large investors also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. boosted its position in shares of 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 in the last quarter. Pinnacle Financial Partners Inc raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 211,226 shares of the company’s stock worth $17,316,000 after purchasing an additional 22,721 shares in the last quarter. Zhang Financial LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% in the fourth quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock valued at $1,041,000 after buying an additional 1,859 shares in the last quarter. Purus Wealth Management LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.6% in the fourth quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock valued at $546,000 after buying an additional 530 shares in the last quarter. Finally, Zacks Investment Management increased its position in iShares 1-3 Year Treasury Bond ETF by 2.8% during the third quarter. Zacks Investment Management now owns 359,137 shares of the company’s stock worth $29,862,000 after buying an additional 9,784 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY opened at $82.41 on Wednesday. The firm has a market capitalization of $23.22 billion, a PE ratio of 3,695.45 and a beta of 0.01. The company’s 50-day moving average is $82.02 and its 200-day moving average is $82.34. 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 Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.2735 dividend. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date of this dividend was Monday, February 3rd.

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.