Gladstone Institutional Advisory LLC Has $223,000 Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Gladstone Institutional Advisory LLC boosted its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 6.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,721 shares of the company’s stock after purchasing an additional 171 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SHY. Schneider Downs Wealth Management Advisors LP acquired a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at approximately $223,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at about $289,000. Brady Family Wealth LLC raised its stake in shares of iShares 1-3 Year Treasury Bond ETF by 18.0% in the fourth quarter. Brady Family Wealth LLC now owns 41,912 shares of the company’s stock worth $3,438,000 after purchasing an additional 6,398 shares during the last quarter. UBS Group AG lifted its stake in iShares 1-3 Year Treasury Bond ETF by 2.9% during the 4th quarter. UBS Group AG now owns 6,202,313 shares of the company’s stock valued at $508,838,000 after acquiring an additional 177,582 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in iShares 1-3 Year Treasury Bond ETF by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,073,272 shares of the company’s stock valued at $88,051,000 after buying an additional 4,482 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

iShares 1-3 Year Treasury Bond ETF stock traded up $0.03 during mid-day trading on Friday, reaching $81.37. The company’s stock had a trading volume of 3,040,967 shares, compared to its average volume of 4,285,476. iShares 1-3 Year Treasury Bond ETF has a 12-month low of $80.55 and a 12-month high of $82.39. The company has a market capitalization of $24.44 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The firm’s fifty day moving average price is $81.37 and its two-hundred day moving average price is $81.61.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

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

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.