Fortitude Advisory Group L.L.C. Buys 241 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Fortitude Advisory Group L.L.C. lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 9.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,699 shares of the company’s stock after acquiring an additional 241 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 24.8% during the second quarter. Millennium Management LLC now owns 63,463 shares of the company’s stock worth $5,182,000 after buying an additional 12,625 shares during the last quarter. Creative Planning increased its position in iShares 1-3 Year Treasury Bond ETF by 1.1% during the second quarter. Creative Planning now owns 176,157 shares of the company’s stock worth $14,383,000 after acquiring an additional 1,947 shares during the period. Ted Buchan & Co acquired a new position in iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $10,960,000. Cetera Investment Advisers boosted its holdings in iShares 1-3 Year Treasury Bond ETF by 7.5% in the 2nd quarter. Cetera Investment Advisers now owns 580,786 shares of the company’s stock valued at $47,421,000 after purchasing an additional 40,358 shares during the period. Finally, New Century Financial Group LLC grew its position in iShares 1-3 Year Treasury Bond ETF by 13.9% in the 2nd quarter. New Century Financial Group LLC now owns 10,060 shares of the company’s stock worth $821,000 after purchasing an additional 1,226 shares during the last quarter. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Stock Performance

Shares of SHY opened at $82.26 on Tuesday. iShares 1-3 Year Treasury Bond ETF has a 52 week low of $80.91 and a 52 week high of $83.30. The firm has a market capitalization of $23.06 billion, a P/E ratio of 3,695.45 and a beta of 0.01. The company has a 50-day simple moving average of $82.02 and a 200-day simple moving average of $82.35.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.2804 per share. This represents a $3.36 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Wednesday, December 18th.

iShares 1-3 Year Treasury Bond ETF Company 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.