Eagle Global Advisors LLC Has $24.59 Million Stock Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Eagle Global Advisors LLC grew its holdings in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 646.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,730 shares of the company’s stock after buying an additional 259,585 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for about 1.5% of Eagle Global Advisors LLC’s holdings, making the stock its 16th biggest position. Eagle Global Advisors LLC owned approximately 0.10% of iShares 1-3 Year Treasury Bond ETF worth $24,590,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SHY. Fortitude Family Office LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $45,000. Cedar Mountain Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $55,000. Vestor Capital LLC increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 28.8% in the fourth quarter. Vestor Capital LLC now owns 684 shares of the company’s stock worth $56,000 after purchasing an additional 153 shares in the last quarter. Financial Gravity Asset Management Inc. increased its stake in shares of iShares 1-3 Year Treasury Bond ETF by 771.6% in the third quarter. Financial Gravity Asset Management Inc. now owns 706 shares of the company’s stock worth $57,000 after purchasing an additional 625 shares in the last quarter. Finally, Halpern Financial Inc. purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF in the fourth quarter worth about $62,000. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of SHY traded up $0.03 during trading hours on Friday, hitting $81.37. The company’s stock had a trading volume of 3,040,913 shares, compared to its average volume of 4,285,476. The company has a market cap of $24.44 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. The business has a 50 day simple moving average of $81.38 and a two-hundred day simple moving average of $81.61. iShares 1-3 Year Treasury Bond ETF has a 52-week low of $80.55 and a 52-week high of $82.39.

iShares 1-3 Year Treasury Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were paid a dividend of $0.2616 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $3.14 annualized dividend and a yield of 3.86%.

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.