Sowell Financial Services LLC Acquires 742 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Sowell Financial Services LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 5.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,310 shares of the company’s stock after acquiring an additional 742 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Asset Management Inc. lifted its holdings in shares of 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 valued at $1,097,000 after buying an additional 1,938 shares during the period. Pinnacle Financial Partners Inc increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 12.1% in 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 increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 17.1% in the 4th quarter. Zhang Financial LLC now owns 12,701 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,859 shares in the last quarter. Purus Wealth Management LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.6% in the 4th quarter. Purus Wealth Management LLC now owns 6,660 shares of the company’s stock worth $546,000 after purchasing an additional 530 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 9.8% in the 4th quarter. IFP Advisors Inc now owns 12,091 shares of the company’s stock worth $991,000 after purchasing an additional 1,083 shares in the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

NASDAQ:SHY opened at $82.53 on Tuesday. The firm has a market capitalization of $23.26 billion, a price-to-earnings ratio of 3,755.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The business has a fifty day moving average price of $82.14 and a 200-day moving average price of $82.33.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.2531 dividend. The ex-dividend date was Monday, March 3rd.

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.