Archer Investment Corp Increases Stock Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Archer Investment Corp increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 52.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,924 shares of the company’s stock after acquiring an additional 661 shares during the period. Archer Investment Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $158,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barrett & Company Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% during the 4th quarter. Barrett & Company Inc. now owns 9,375 shares of the company’s stock valued at $769,000 after buying an additional 125 shares in the last quarter. Investment Advisory Group LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 0.7% in the 3rd quarter. Investment Advisory Group LLC now owns 20,282 shares of the company’s stock valued at $1,642,000 after purchasing an additional 150 shares in the last quarter. Straight Path Wealth Management lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 4.8% in the 4th quarter. Straight Path Wealth Management now owns 3,295 shares of the company’s stock valued at $270,000 after purchasing an additional 150 shares in the last quarter. Seelaus Asset Management LLC lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 2.3% in the 4th quarter. Seelaus Asset Management LLC now owns 6,757 shares of the company’s stock valued at $554,000 after purchasing an additional 150 shares in the last quarter. Finally, 1834 Investment Advisors Co. lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 6.2% in the 3rd quarter. 1834 Investment Advisors Co. now owns 2,710 shares of the company’s stock valued at $219,000 after purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY stock opened at $81.19 on Thursday. The stock’s fifty day moving average is $81.58 and its two-hundred day moving average is $81.54. iShares 1-3 Year Treasury Bond ETF has a fifty-two week low of $80.55 and a fifty-two week high of $82.60.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

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

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.