Addison Advisors LLC Purchases 2,160 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Addison Advisors LLC grew its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 82.4% in the fourth quarter, Holdings Channel reports. The fund owned 4,780 shares of the company’s stock after buying an additional 2,160 shares during the quarter. Addison Advisors LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. DAVENPORT & Co LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 7.4% in the third quarter. DAVENPORT & Co LLC now owns 14,106 shares of the company’s stock worth $1,142,000 after buying an additional 970 shares during the last quarter. Apeiron RIA LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 9.9% in the third quarter. Apeiron RIA LLC now owns 3,584 shares of the company’s stock worth $290,000 after buying an additional 323 shares during the last quarter. Connecticut Wealth Management LLC lifted its position in iShares 1-3 Year Treasury Bond ETF by 72.4% in the third quarter. Connecticut Wealth Management LLC now owns 11,468 shares of the company’s stock worth $929,000 after buying an additional 4,815 shares during the last quarter. Highview Capital Management LLC DE bought a new stake in iShares 1-3 Year Treasury Bond ETF in the third quarter worth $209,000. Finally, Atwood & Palmer Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 102.2% during the third quarter. Atwood & Palmer Inc. now owns 423,302 shares of the company’s stock worth $34,275,000 after purchasing an additional 213,937 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY traded up $0.02 on Friday, hitting $81.21. 3,071,548 shares of the company’s stock were exchanged, compared to its average volume of 4,538,988. iShares 1-3 Year Treasury Bond ETF has a 12 month low of $80.55 and a 12 month high of $82.60. The stock has a market capitalization of $24.57 billion, a price-to-earnings ratio of 3,690.68 and a beta of 0.01. The business’s 50 day simple moving average is $81.51 and its two-hundred day simple moving average is $81.56.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.2705 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.25 annualized dividend and a dividend yield of 4.00%.

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.