Wilbanks Smith & Thomas Asset Management LLC Purchases 5,423 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Wilbanks Smith & Thomas Asset Management LLC lifted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 11.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 51,423 shares of the company’s stock after purchasing an additional 5,423 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $4,219,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SHY. Barrett & Company Inc. grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1.4% in the fourth quarter. Barrett & Company Inc. now owns 9,375 shares of the company’s stock worth $769,000 after purchasing an additional 125 shares during the last quarter. Advanced Asset Management Advisors Inc increased its position in iShares 1-3 Year Treasury Bond ETF by 1.5% during the 4th quarter. Advanced Asset Management Advisors Inc now owns 8,627 shares of the company’s stock valued at $708,000 after purchasing an additional 128 shares during the period. Verdence Capital Advisors LLC increased its position in shares of iShares 1-3 Year Treasury Bond ETF by 2.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 5,043 shares of the company’s stock valued at $414,000 after buying an additional 133 shares during the period. Straight Path Wealth Management lifted its holdings in iShares 1-3 Year Treasury Bond ETF by 4.8% in the fourth quarter. Straight Path Wealth Management now owns 3,295 shares of the company’s stock worth $270,000 after buying an additional 150 shares during the period. Finally, Seelaus Asset Management LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 2.3% during the 4th quarter. Seelaus Asset Management LLC now owns 6,757 shares of the company’s stock valued at $554,000 after acquiring an additional 150 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY traded up $0.06 on Thursday, reaching $81.11. The stock had a trading volume of 618,089 shares, compared to its average volume of 4,528,094. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.55 and a 12-month high of $82.60. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 3,690.68 and a beta of 0.01. The company has a 50-day simple moving average of $81.48 and a 200-day simple moving average of $81.57.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be given a $0.2616 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, May 1st.

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.