iShares 1-3 Year Treasury Bond ETF $SHY Shares Bought by TFC Financial Management Inc.

TFC Financial Management Inc. boosted its holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 1.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 897,682 shares of the company’s stock after acquiring an additional 15,072 shares during the quarter. iShares 1-3 Year Treasury Bond ETF accounts for approximately 9.5% of TFC Financial Management Inc.’s portfolio, making the stock its 3rd largest position. TFC Financial Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $74,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Invst LLC boosted its position in shares of iShares 1-3 Year Treasury Bond ETF by 182.5% in the 1st quarter. Invst LLC now owns 9,648 shares of the company’s stock worth $798,000 after purchasing an additional 6,233 shares during the last quarter. Private Client Services LLC acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth about $536,000. City Center Advisors LLC bought a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 2nd quarter valued at about $1,423,000. TrueWealth Advisors LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter worth approximately $388,000. Finally, Whitcomb & Hess Inc. boosted its stake in iShares 1-3 Year Treasury Bond ETF by 1.7% during the 2nd quarter. Whitcomb & Hess Inc. now owns 22,775 shares of the company’s stock worth $1,887,000 after acquiring an additional 382 shares during the last quarter. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:SHY opened at $82.83 on Friday. The company has a 50 day moving average price of $82.85 and a two-hundred day moving average price of $82.81. The company has a market capitalization of $23.59 billion, a PE ratio of 3,747.73 and a beta of 0.05. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $81.81 and a 52 week high of $83.14.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.2548 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, December 19th.

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.