Strategy Asset Managers LLC Increases Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Strategy Asset Managers LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,902 shares of the company’s stock after purchasing an additional 853 shares during the quarter. Strategy Asset Managers LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $1,058,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 51.6% in the fourth quarter. Proficio Capital Partners LLC now owns 107,528 shares of the company’s stock worth $8,840,000 after buying an additional 36,585 shares in the last quarter. Simplicity Wealth LLC bought a new stake in iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $719,000. Pinnacle Financial Partners Inc lifted its stake in 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 lifted its stake in 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. Finally, Purus Wealth Management LLC boosted its holdings in 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 valued at $546,000 after purchasing an additional 530 shares during the period. Hedge funds and other institutional investors own 23.15% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock opened at $82.67 on Friday. The stock has a market cap of $23.30 billion, a P/E ratio of 3,745.00 and a beta of 0.01. 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. The firm’s fifty day moving average price is $82.28 and its 200-day moving average price is $82.31.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued 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.