Financial Management Professionals Inc. Increases Holdings in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Financial Management Professionals Inc. lifted its position in shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY – Get Rating) by 52.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,492 shares of the company’s stock after acquiring an additional 1,550 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $365,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SHY. Stephens Group Asset Management LLC raised its holdings in iShares 1-3 Year Treasury Bond ETF by 19.7% in the 4th quarter. Stephens Group Asset Management LLC now owns 3,676 shares of the company’s stock valued at $298,000 after acquiring an additional 604 shares during the last quarter. New Capital Management LP boosted its position in iShares 1-3 Year Treasury Bond ETF by 1,472.3% in the 4th quarter. New Capital Management LP now owns 69,904 shares of the company’s stock valued at $5,674,000 after buying an additional 65,458 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $386,000. First Citizens Financial Corp purchased a new position in iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $1,097,000. Finally, Platform Technology Partners acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF in the 4th quarter valued at about $4,470,000. Hedge funds and other institutional investors own 22.85% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY traded up $0.41 on Friday, hitting $82.27. 8,629,668 shares of the company’s stock were exchanged, compared to its average volume of 6,192,362. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.48 and a twelve month high of $83.87. The stock has a fifty day moving average of $81.39 and a two-hundred day moving average of $81.33.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Thursday, March 2nd were paid a $0.162 dividend. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $1.94 annualized dividend and a dividend yield of 2.36%. This is a positive change from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.15.

iShares 1-3 Year Treasury Bond ETF Company Profile

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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.