Archer Investment Corp Grows Position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Archer Investment Corp lifted its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 52.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,924 shares of the company’s stock after buying an additional 661 shares during the quarter. Archer Investment Corp’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $158,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SHY. Assetmark Inc. increased its position in iShares 1-3 Year Treasury Bond ETF by 601.3% in the third quarter. Assetmark Inc. now owns 7,874,166 shares of the company’s stock worth $637,571,000 after purchasing an additional 6,751,373 shares during the last quarter. Morgan Stanley increased its position in iShares 1-3 Year Treasury Bond ETF by 16.9% during the fourth quarter. Morgan Stanley now owns 20,028,074 shares of the company’s stock valued at $1,625,679,000 after acquiring an additional 2,893,771 shares during the last quarter. Barclays PLC increased its position in iShares 1-3 Year Treasury Bond ETF by 114.2% during the second quarter. Barclays PLC now owns 5,038,466 shares of the company’s stock valued at $408,519,000 after acquiring an additional 2,685,922 shares during the last quarter. BlackRock Inc. increased its position in iShares 1-3 Year Treasury Bond ETF by 20.6% during the first quarter. BlackRock Inc. now owns 10,877,633 shares of the company’s stock valued at $893,706,000 after acquiring an additional 1,858,137 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in iShares 1-3 Year Treasury Bond ETF during the fourth quarter valued at $119,012,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Trading Up 0.1 %

SHY stock opened at $81.19 on Thursday. iShares 1-3 Year Treasury Bond ETF has a twelve month low of $80.55 and a twelve month high of $82.60. The firm’s fifty day simple moving average is $81.58 and its two-hundred day simple moving average is $81.54.

iShares 1-3 Year Treasury Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.2705 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Monday, April 1st.

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.